Industries minister Vishwajit Rane said on Friday that the government of India has already approved a detailed project report (DPR) for an investment of Rs 1,500 crore, spread over the next three years, for building an IIT campus at Guleli in Sattari.
He said that a fruitful interaction was held with director, IIT Goa, B K Mishra, on Thursday, paving the way to set up a permanent campus for the institute. In 2014, the IIT was allotted to Goa, while a temporary campus housed at the Goa Engineering College
(GEC) premises at Farmagudi, Ponda, became functional from July 2016.
Rane said that in addition to the Rs 1,500 crore investment over three years, the following seven years would see an estimated investment of Rs 3,000 crore for the project
“This will pave the way for uplifting not only Sattari and Usgao, but the entire state of Goa, in a substantial way,” Rane said in his statement.
The state has already received sanctioned documents for constructing the coveted institute. Rane, who was instrumental in bringing the project to Sattari after the original project site proposed in Canacona faced opposition, believes the IIT will get Goa on the country’s educational map.
“Being one among the top (institutes) in the country, it will raise the standard of education, and nurture innovation and entrepreneurship. It will strengthen the ecosystem of the neighbouring areas and synthesize the knowledge of our youth,” Rane said.
He added there would be at least 5,000 people living on campus, which in turn would boost the economy of Sattari and neighbouring areas in a big way.
Baring a few industries, Sattari has been an agricultural economy. Mining was a source of livelihood for some over the past few decades, but with its stoppage, people have been compelled to look outside for jobs