New Delhi, Dec 03: The Union Cabinet, chaired by the Prime Minister Narendra Modi approved the revised cost estimates to the tune of Rs. 4,799 crore for setting up of five Indian Institutes of Science Education and Research (IISERs) at Kolkata, Pune, Mohali, Bhopal and Thiruvananthapuram.
Previously the approved cost was Rs, 2,500 crore.
While construction of these five Institutes is in progress, approval of the revised cost estimates will enable the Ministry and the Boards of Governors of the Institutes to enhance the pace of work and expeditious completion of fully operational permanent campuses with 9,275 students, 928 faculty and 1,020 non-teaching staff by 2018-19.
These institutes will integrate Under-graduate education, Post-graduate education and research under the same umbrella. They will interact with National Laboratories, and other research institutes to develop a synchronous environment for research that would transcend rigid administrative structure and also encourage interdisciplinary research.
These institutes would also contribute to highly competent and trained manpower that would be a major catalyst for technological human resource revolution that would inevitably have an impact on the economic growth of the country.
