The central government would soon select 10 higher education institutes with potential which can pierce through to the top rankings in the global academic ranking lists. These institutes would be provided substantial funding over the period of four years in order to take them to the top 100 of the global academic rankings carried out by QS and Times. It wants to be in par with the neighboring countries China and South Korea, by being on the list through helping the higher education institutes with vigor and potential.
The 10 institutes that are currently in the top 500 institutes list is global academic rankings have been listed by HRD ministry. These are institutes which have potential to perform much better than whatever they are doing now, and thus the government has come up with a plan to provide funding for them. According to the proposal these institutes would receive funds ranging from Rs. 100- 500 crore in the period of 3 to 4 years. These funds would be utilized to create world class state-or-the-art research and laboratory facilities in these institutes.
In this list of ten institutes that have been selected there are top ranked IITs along with Indian Institute of Science, Bangalore. According to a senior HRD ministry official, “Based on the ranking and performance of Indian institutes from 2013-15, we have identified 8-10 institutes that are among the top 500 in the rankings and are consistently improving their performance over the years. These are likely to include IIT Delhi, IIT Bombay, IIT Kanpur, IIT Kharagpur, IIT Madra, IIT Roorkee, IIT Guwahati and Indian Institute of Science, Bangalore. The idea is to incentivise institutes that perform well enough to compete at the global level. Institutes have sought funds around Rs. 300-500 crore, the proposal is being examined to assess how much money can be granted.”