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Yet to be established JIO Institute chosen for 'Institute of Eminence'

IANS  |  New Delhi 

Yet to be established 'Institute' by is already in the fray to become an 'Institution of Eminence' (IoE) under a government scheme which will entitle the tag-holders for special exemptions in aspects of how they operate the institutes.

The on Monday announced the Indian Institute of Technology-Delhi, and Indian Institute of Science, Bengaluru, as the IoEs chosen from public sector.

From the private sector, BITS Pilani, and Institute by were the three institutes mentioned by the who have been granted the status.

However, it could only be known later that the Institute was yet to start its operations and a search with its name drew blanks.

The which assessed the applications to shortlist the institutes for the status of IoU clarified that has been selected under the 'Greenfield' category. It was on the basis of its plans that the committee considered it for the status which is only provisional.

"It is greenfield institution. At this juncture, there's only a Letter of Intent. They're not same as established institutions. For a greenfield institution, they should have land, equipment, building, staff, etc and for that they need a lead time. So they have been given three years' time. It's only after that they will be given the status," N. Gopalaswami told IANS.

Greenfield projects are those projects which start from the scratch and are not modifying or upgrading any already established projects. The latter are called brownfield projects.

According to a proposal submitted by the firm to the committee, the will use Rs 9,500 crore in capital expenditure and will be located in a 'fully residential university city' in Pune.

As per the (Institutions of Eminence Deemed to be Universities) Regulations, 2017, the Ministry was to select 20 IoEs -- 10 private and 10 public -- and had formed a EEC to shortlist the entries solicited from the institutes on the basis of their research calibre and other criteria.

The government received 114 applications (74 public, 40 private) in total from the higher education institutes, out of these the six mentioned were recommended for the tag by the EEC.

Each public institute will get financial assistance up to Rs 1,000 crore over for the period of five years under the scheme.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 21:28 IST
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