The GoI has approved setting up of 20 new IIITs on a public Private Partnership basis. Partners would be the Ministry of Human Resource Development (MHRD, GoI)’, Govt. of Bihar and the industry. The capital cost of each IIIT would be 128.00 crore and to be contributed in the ratio of 50:35:15 by the Central Government, the State Government and the industry respectively. The State Govt. has identified 97.29 acres of land which is located on NH-30A in Nalanda district which would be available for the IIIT Bihar campus.
The Department of Science and Technology, Govt. of Bihar has invited offers from reputed eligible firms for “Selection of PARTNER UNDER PUBLIC PRIVATE PARTNERSHIP ” to operate and manage the INDIAN INSTITUTE OF INFORMATION TECHNOLOGY in sealed envelope clearly labeled as “Expression of Interest for “Selection of PARTNERS UNDER PUBLIC PRIVATE PARTNERSHIP-IIIT ” at the above mentioned