8 new IITs' cost estimate overshoots by ₹7,910 cr
In an official release, the Centre on Wednesday declared that the cost estimate for establishing eight new IITs has overshot by ₹7,910 crore due to "escalation in both time and cost". The Cabinet approved ₹13,990 crore for the same, as against the original estimate of ₹6,080 crore. The 8 IITs include Bhubaneswar, Gandhinagar, Hyderabad, Indore, Jodhpur, Ropar, Mandi and Patna.