PM Modi Inaugurates IIT Bombay Research Park Building And Lays Foundation Stone For Other Infra Projects
Mumbai | February 20, 2024: Prime Minister Narendra Modi inaugurated (virtually) the IIT Bombay Research Park Building and also laid the foundation stone of Academic and Residential buildings at the Indian Institute of Technology (IIT) Bombay today. IIT Bombay Research Park was constructed at a cost of Rs 225 crores, utilizing Rs 100 Cr from the grant by Ministry of Education, Rs 67 Cr from HEFA loan, and Rs 58 Cr from IITB internal revenue generation. The Research Park is a G+14 floor building with 5 lakhs square feet of built up space.
Prime Minister also laid the foundation stone of Efficiency Apartments, Hostel 04, Academic Sciences Blocks for Chemistry and Chemical Engineering; Bio-School and Central Animal Facility, Academic Block 1 & 2. The total cost of the projects for which the foundation stone was laid is over Rs. 1120 crores.
The function at IIT Bombay was attended by the Guest of Honor, Member of Parliament (Mumbai North-East) Manoj Kotak, Chairperson of the Board of Governors of IIT Bombay Dr. Sharad Saraf, Director of IIT Bombay Prof. Subhasis Chaudhuri, Professor-In-Charge of the IIT Bombay Research Park Foundation Prof. Swaroop Ganguly and Institute functionaries.
PM Modi said, “The government of today invests maximum expenditure for the modern education of the present and future generations”.
Chairperson of the Board of Governors of IIT Bombay Dr. Sharad Saraf congratulated the Institute. Guest of Honor Manoj Kotak also congratulated the Institute functionaries on this milestone.
Director of IIT Bombay Prof. Subhasis Chaudhuri presented before the guests an overview of the Institute’s research work and ecosystem and its growth over the years.
In his address, Prof. Subhasis Chaudhuri said, “IIT Bombay is extending the IITB Research Partnership program by investing in a dedicated facility, the IITB Research Park, where our industry partners can co-locate their researchers and staff in the IIT Bombay campus. The Research Park will be a hub for innovation and collaboration between academia and industry. It will be organised into clusters, in core and emerging areas such as Bio Engineering and Healthcare. Sustainability and Clean energy, Semiconductors and Quantum Tech, Materials and Smart Manufacturing, eMobility, AI Robotics and automation, geospatial tech, etc. Each of these clusters will comprise, in addition to anchor corporate partners, startups from the IITB ecosystem in areas, and IITB translational research labs and facilities. This close proximity between researchers, corporates, MSMEs and entrepreneurs will result in spontaneous and vibrant collaboration between all these participants of the innovation ecosystem”.
The key contributors involved in the execution of the Research Park building were also felicitated during the function.
