The Maharashtra Government on Tuesday has approved a range of sops and benefits for educational institutions that get the “institution of eminence” tag from the Centre. According to the report in the Indian Express, one of the institutions that got the label in July – the yet-to-be-set-up Jio Institute – will be the immediate beneficiary of the announcement.
On Tuesday, the state cabinet approved the construction of such institutions under the Integrated Townships Project, reported The Times of India. Sponsors of such educational institutions will be allowed to acquire more than 500 hectares of land anywhere, according to the Cabinet’s decision.
According to the sources, the Centre has proposed the eminence tag for 10 private and 10 public institutions, including ones yet to be established. It has announced six names so far, and Jio Institute, sponsored by the Reliance Foundation, is the only one that does not exist yet. The project is proposed to come up on an 800-acre land parcel near Mumbai.
The Centre has declared its intention to set up 20 institutes of eminence, 10 each from the public and private sector. Recently, the Union HRD ministry approved six such institutes. One of these, Indian Institute of Technology, Bombay, is already in the state and another, Jio Institute, a project of industrialist Mukesh Ambani, is proposed to be set up in Karjat.
According to the Times of India, Mantralaya officials said IEDUs will need to get a letter of intent from the Centre and apply separately to the urban development department and the revenue department. UDD sanctions projects under the ITP while approval of the revenue department would be required for the land, including for tribal land.
However, the Maharashtra Government has put some restrictions such as the use of FSI within the stipulated time. The Institute who fails to do so the project proponent will need to pay the market value for the additional FSI as well as a penalty. The institute will need to ensure it maintains its status of eminence. If the status is withdrawn, then all the concessions will be withdrawn.
The areas identified by the government for ITPs include the Mumbai Metropolitan Region, the Pune Metropolitan Region, Raigad, Kolhapur-Ichalkaranji, Solapur, Nagpur, Chandrapur-Ballarpur, Nashik, Ahmednagar, Aurangabad-Jalna, Aurangabad, Amravati, Akola-Washim, and Miraj-Sangli.