Govt to set up 5 new research parks at 4 IITs & IISc

New Delhi: Based on the recommendations of the National Expert Advisory Committee (NEAC) constituted by the Department of Science and Technology, the union government has decided to set-up five new research parks at IIT Delhi, IIT Guwahati, IIT Kanpur, IIT Hyderabad, and IISc Bangalore at a total cost of Rs 75 crore each.

The Minister of State (HRD), Dr Satya Pal Singh in a written reply to a Lok Sabha question mentioned that the government has also approved continued funding of two Research Parks at IIT Bombay and IIT Kharagpur at a cost of Rs 100 crore each. The Research Park at IIT Gandhinagar at a total cost of Rs 90 crore is funded by the Department of Science & Technology. IIT Madras Research Park is fully functional with 43 R&D clients, 4 Incubators, 55 Startups, and 5 Centres of Excellence. The government provides necessary budgetary support to the IITs for campus development by using environment-friendly methods. The government intends to undertake review periodically of the functioning of research parks.

The government has announced the decision to launch a Smart Campus Campaign under which educational institutions will be encouraged to optimize the use of water, electricity and also adopt measures for generating power through solar installations. The institutions which perform on the parameters of saving, conserving and recycling would be identified and honored.