Mumbai, Feb 7 (PTI) Indian Institute of Technology herehas been invited by the New York City Economic DevelopmentCorporation(NYCEDC)to submit a proposal to set up a new campusfor Applied Science courses.
IIT-B has formed a committee to finalise a proposal whichis expected to be sent to New York next month.
Prof Subhasis Chaudhuri, Dean, International Relations ofthe IIT-B told PTI that the institute received NYCEDCinvitation three weeks back and if the proposal is selected,the Corporation would provide capital to set up the campus andprovide land.
But later on the centre will have to sustain on its own,he said.
The proposal is at a nascent stage and it is too early totalk about and the internal discussions is on. However, IIT-Bis seriously considering the proposal, Chaudhuri said.
NYCEDC has made similar proposals to several topinstitutions around the globe bidding for the same project.
NYCEDC is offering a unique opportunity to develop apremier science and research facility and campus in the Cityof New York, according to its website. The last date forsubmitting the proposals is March 16.
In a City with more than 626,000 students and 39 per centof global market capitalisation, it is a business andacademic capital, both nationally and internationally.
In order to maintain a diverse and competitive economy,the City seeks to strengthen its applied sciencescapabilities, particularly in fields which lend themselves tocommercial opportunities, the Corporation said.