https://www.taxtmi.com/news?id=1357 Approval was given to establish twenty IIITs under a Public Private Partnership (PPP) model with shared capital and start up support from Central, State and industry partners, conditional State land provision free of cost, phased implementation dependent on partner response, time limited central recurring assistance, and a requirement that each institute become financially self sustaining within the initial operational period. Governance powers are vested in institute Governing Boards, a tripartite MoU will define partner roles, provisional society registration is allowed pending legislation declaring them Institutes of National Importance, and faculty development modalities are to be finalised with the finance ministry. en-us Tue, 07 Dec 2010 20:34:27 +0530 Tue, 07 Dec 2010 20:34:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1357 Approval was given to establish twenty IIITs under a Public Private Partnership (PPP) model with shared capital and start up support from Central, State and industry partners, conditional State land provision free of cost, phased implementation dependent on partner response, time limited central recurring assistance, and a requirement that each institute become financially self sustaining within the initial operational period. Governance powers are vested in institute Governing Boards, a tripartite MoU will define partner roles, provisional society registration is allowed pending legislation declaring them Institutes of National Importance, and faculty development modalities are to be finalised with the finance ministry. News - Tue, 07 Dec 2010 20:34:27 +0530 https://www.taxtmi.com/news?id=1357