October 12, 2008

DVC to invest INR 100 crore in IIT Kharagpur energy park

BS reported that Damodar Valley Corporation would invest INR 100 crore towards setting up the energy park in Kharagpur over the next 5 years.

Mr Sanjeev Goenka chairman of board of governors of the IIT said that the project is a part of the Indian Institute of Technology Kharapur's initiative to set up R&D parks for IT, biotechnology and energy sectors at Kharagpur.

IIT would invest a total of about INR 300 crore in upgrading the infrastructure at the institute, which would include increasing the classroom strength and hostel facilities. IIT Kharagpur will invest another INR 50 crore in setting up a facility for fabrication of semi conductors. Over the 11th plan period nearly 3,000 rooms and 6 labs would be added at the institute campus.