Kolkata, Jan 26 (PTI) The MHRD has granted Rs 456.10 crore to four older IITs including the one at Kharagpur for development projects. Also Read - National Education Policy 2020: Is Regional Language Compulsory For Students Till Class 5?

An IIT Kharagpur statement today quoted a tweet by the HRD ministry on the approval of the Rs 456.10 crore as one-time additional capital funding for IIT Kharagpur and three other IITs. Also Read - National Education Policy 2020: 'Much to Welcome But...,' Shashi Tharoor Points Out Sharp Discrepancies

The funding has been earmarked for lab infrastructure, equipment and others, the statement said. Also Read - National Education Policy 2020: Will it Really Reform India's School System? Here's a Breakdown

As per the announcement by the HRD Ministry, Rs 151.19 crore has been earmarked for IIT Kharagpur followed by Rs 105 crore for IIT Delhi, Rs. 103.41 crore for IIT Madras and Rs 96.5 cr for IIT Bombay.

The funding was approved based on proposals submitted by the four IITs for augmentation of infrastructure and facilities, the statement said.

“IIT Kharagpur has been focussing on attracting young talented academicians and post-doctoral fellows from across the world. For this we need world-class laboratories, high-end equipment to conduct cutting-edge research on the one hand and on the other quality living experience such as accommodation facilities,” Director, IIT Kharagpur Prof Partha Pratim Chakrabarti said.

“Our proposal significantly highlighted this aspect and we aim to use this additional fund towards building these facilities” he said,” he said.

The institute has already drawn the blueprint to build lab infrastructure of top global standards and acquire equipment for technological convergence domains like manufacturing, transportation, VLSI (very largescale integration) design, cloud computing, smart infrastructure and affordable healthcare among others.

“We will soon undertake a housing project for facilitating international faculty and post-doctoral fellows,” Chakrabarti said.

A significant part of the funding will be used to offer challenge grants and equipment for central research facility of the institute. Students’ innovation projects will also receive a major boost through this supplementary funding.

“We at IITKGP are extremely happy and thank MHRD for having agreed to support almost the total requirement of the proposal submitted. We look forward to an incremental change in the size of faculty and post-doctoral fellows while fostering students innovations and overall development” the director said.

This is published unedited from the PTI feed.