Japan aid to IIT-Hyderabad

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Japan will provide $174.8 million (around 870 cr) loan as development aid to the Indian Institute of Technology, Hyderabad (IIT-H), the biggest-ever foreign aid to an IIT, which experts said will have a leapfrog effect on the standard of higher education in the state and boost infrastructure.

Armed with the financial aid, IIT-H will erect nine state-of-the-art buildings, including a special technology centre, new academic blocks and a research park.

Authorities will also use some portion of the money to acquire lab equipment and officials said they would expand its current capacity and student strength from existing 1000 plus to more than 7,500 by 2018.

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