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hyd HYDERABAD : Country's eighth Indian Institute of Technology (IIT) will be established in Medak, Andhra Pradesh -- a constituency once represented by Mrs. Indira Gandhi.
It will be located at Isnapur village near Patancheru as it is considered an ideal location, being close to Hyderabad and near the proposed Outer Ring Road.
Isnapur in Medak district is the hub of chemical and pharma-based industries and the proposed venue of a textile park, about 35 km from Hyderabad.
Announcing the state government decision in the Assembly on December 19 Chief Minister Y.S. Rajasekhara Reddy thanked the prime minister and the Union Human Resource Development Minister Arjun Singh for the move and informed the House that the Ministry of Human Resources Development would spend Rs.1,800 crores on the IIT during its first three years.
He said that the Centre wants 500-600 acres of land free of cost with adequate infrastructure, including road, rail and air connectivity, to set up the IIT. For this, he said, Isnapur village near Patancheru would be the ideal location.
He said that the government would have to spend at least Rs 3,000 crore to acquire land in the area, which is witnessing a real estate boom. The government owns just 30 acres of rocky terrain in the chosen locale. Since the ORR project was announced, land is selling at Rs 6 to 8 crores per acre in this area.
The Chief Minister, however, adopted an optimistic tone while announcing the government decision and said that it would bring development to backward areas of Telangana.