PM Modi virtually inaugurates IIT-B Research Park building, other facilities

The IIT Bombay research park, which is a 14-floor building with five lakh square feet of built-up space, was constructed at a cost of Rs 225 crore, utilising Rs 100 crore from a Ministry of Education grant, Rs 67 crore from a HEFA loan, and Rs 58 crore from revenue generated internally by IIT Bombay.

In his address, Subhasis Chaudhari, director, IIT Bombay, said, “The research park 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. To anchor corporate partners, each of these clusters will comprise startups from the IITB ecosystem in related areas, and IITB translational research labs and facilities.”

The PM also laid the foundation stone of Efficiency Apartments, Hostel 04, Academic Sciences Blocks for Chemistry and Chemical Engineering; Bio-School and Central Animal Facility and Academic Block 1 and 2. The total cost of the projects for which the foundation stone was laid is over Rs 1,120 crore.

The function at IIT Bombay was also attended by the guest of honour, Member of Parliament (Mumbai North-East) Manoj Kotak, chairperson of the board of governors of IIT Bombay Dr Sharad Saraf, professor-in-charge of the IIT Bombay Research Park Foundation professor Swaroop Ganguly and institute functionaries.