IIT Jammu, IIM Vizag get maximum funds from govt

Six new Indian Institutes of Technology (IITs) and seven new Indian Institutes of Management (IIMs) had been announced in the Budgets of 2014-15 and 2015-16. While they are yet to get their permanent campuses, the government has disbursed Rs 258.54 crore of funds to new IITs and Rs 133.65 crore for new IIMs.

Of this, IIT Jammu received Rs 69.34 crore from the Ministry of Human Resource Development (HRD) while IIM Vishakhapatnam received Rs 29.63 crore from MHRD. However, institute officials said that they will function in their full student strength once the campuses are constructed.

“We are operating from a temporary location. Once the full campus is ready, the new IITs will be able to offer multiple undergraduate as well as postgraduate courses," said an associate professor at one of the new IITs.

Similarly, the newer IIMs will have to build the brand reputation so that during the placement process, top recruiters are able to visit the campus.

A placement coordinator at one of the new IIMs whose campus is under construction said that companies do prefer students from older IIMs (namely the ones at Ahmedabad, Bangalore and Calcutta) rather than the newer ones. Both the salaries offered and profiles are much better for those studying at the older IIMs.

Mahendra Nath Pandey, Minister of State (HRD) in a written reply to a Rajya Sabha question said that all these institutes are functioning from their temporary campuses with required infrastructures including hostel facility, till the construction of permanent campuses.

The two Budgets had announced IITs at Palakkad (Kerela), Tirupati (Andhra Pradesh), Jammu (J&K), Bhilai (Chhattisgarh), Dharwad (Karnataka) and Goa (Goa)  and IIMs at Amritsar (Punjab), Sirmaur (Himachal Pradesh), Sambalpur (Odisha), Nagpur (Maharashtra), Bodhgaya (Bihar), Vishakhapatnam (Andhra Pradesh), and Jammu (J&K). Pandey had also said that sufficient funds for operationalisation from temporary campuses have been provided to these institutes.       

Indian Institutes of Technology (IITs)

Indian Institute of Management (IIMs)