Jul 15 2016 | India Opportunities

Revised Cost Estimates of eight New IITs approved

The Union Cabinet chaired by the Prime Minister Narendra Modi has recently approved the Revised Cost Estimates of Rs. 13,990 crore for establishment of eight New IITs at Bhubaneswar, Gandhinagar, Hyderabad, Indore, Jodhpur, Mandi, Patna and Ropar. The original project cost was Rs. 6080 crore. The increase in expenditure is due to escalation in both time and cost overrun is Rs. 7910 crore.