Check out this report in the Deccan Herald:
To meet the burgeoning demands for human resources in the global market, the Centre plans to create more world-class institutes like the Indian Institute of Technology, in the 11th plan that will begin in 2007.
This was indicated by Planning Commission Deputy Chairperson Montek Singh Ahluwalia on Thursday at a function here to celebrate Technology Day, which commemorates the 1998 Pokhran tests.
“Many more IITs should be created to expand our capacity for creating skilled people. We are paying a lot of attention to have new IITs, in the 11th plan,” Dr Ahluwalia said, adding that the Centre would prefer to create new institutes rather than rename or upgrade the existing institutes.
If these institutions are going to be created from scratch, whatever happened to the plan to upgrade a bunch of 7 engineering colleges?
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Yogesh Upadhyaya points to this article in the Financial Times with news about the status of the scheme to upgrade the seven engineering colleges. See his comment below.