Millennium Post

New IITs, IIMs, pharma institutes bring cheer to education sector

New IITs, IIMs, pharma institutes bring cheer to education sector
“In the fiscal year 2015-16, I propose to set up an IIT (Indian Institute of Technology) in Karnataka, and upgrade Indian School of Mines, Dhanbad into a full-fledged IIT,” Jaitley said while presenting the Union Budget.

The minister, who gave his speech for over one and a half hours, also proposed to set up a Post Graduate Institute of Horticulture Research and Education in Amritsar. “IIMs will be setup in Jammu and Kashmir and Andhra Pradesh. In Kerala, I propose to upgrade the existing National Institute of Speech and Hearing to a university of Disability Studies and Rehabilitation,” Jaitley said.

The finance minister said that in his budget speech in July 2014, he had indicated his intention to have one major central institute in each state. He also proposed three new National Institutes of Pharmaceutical Education and Research, one each in Maharashtra, Rajasthan and Chhattisgarh.

“...and an Institutes of Science and Education Research in Nagaland and Odisha. I also propose to set up a centre for film production, animation and gaming in Arunachal Pradesh, for the north-eastern states and Apprenticeship Training Institute for Women in Haryana and Uttarakhand,” he said.

Meanwhile, the FM announced the Atal Innovation Mission (AIM), an innovation promotion platform in the NITI Aayog, with an initial fund of Rs.150 crore for research and development.
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