Prime Minister Narendra Modi virtually inaugurated the Indian Institute of Technology (IIT) Bombay Research Park building and also laid the foundation stone of academic and residential buildings at the institute on February 20.
IIT Bombay Research Park was constructed for Rs 225 crore, utilising Rs 100 crore from the grant by the Ministry of Education, Rs 67 crore from the HEFA loan, and Rs 58 crore from IIT-B's internal revenue generation. The Research Park is a G+14 floor building with 5 lakh square feet of built-up space.
PM Modi also laid the foundation stone of efficiency apartments, Hostel 04, academic sciences blocks for Chemistry and Chemical Engineering; Bio-School and Central Animal Facility, academic blocks 1 & 2. The total cost of the projects for which the foundation stone was laid is over Rs 1,120 crore.
“IIT Bombay is extending the IITB Research Partnership program by investing in a dedicated facility, the IITB Research Park, where our industry partners can co-locate their researchers and staff in the IIT Bombay campus. The Research Park will be a hub for innovation and collaboration between academia and industry,” said Director of IIT Bombay Professor Subhasis Chaudhuri.
Meanwhile, the PM also inaugurated the newly constructed Academic Complex East and Academic Complex West at IIT Delhi’s Hauz Khas campus through video conferencing.
This is the largest ever single-time construction activity for research and academic purposes in the history of IIT Delhi, the institute said in a statement.
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