Wednesday, Mar 02, 2005
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By Our Staff Reporter
BANGALORE, MARCH. 1. The Indian Institute of Science (IISc.) is delighted by the Union Finance Minister, P. Chidambaram's announcement that steps would be taken to upgrade its facilities and develop it into a world class institution on a par with Oxford and Cambridge, as well as with the grant of Rs. 100 crores. "We are very happy that this gift came to us on an auspicious day for scientists (Monday was National Science Day)," said the Director of the institute, Goverdhan Mehta, reacting to the Union Budget here today.
Recognition
Prof. Mehta said he believed that the grant is "symbolic of the Government recognising the efforts of the institute in its longstanding efforts in the promotion of science and technology and research." The budget windfall of Rs. 100 crores over its existing Rs. 150-crore corpus would help immensely in improving facilities, he said. To a question, Prof. Mehta said the allocation will be used to augment funds in ongoing research areas, in areas of research where the institute's inputs are sub-critical and in improving the physical infrastructure. Although happy with the grant, he said the institute never depends on the Government for funds and would look to outsource funds from other projects as usual. Prof. Mehta said newer areas of research as well as the scope of Ph.D. programmes would be expanded with the funding. At present, the institute is focussing on research in nanotechnology and vaccine development. The discovery of carbon nanotubes by the institute has been patented. "We are developing a technology for the future with nanotechnologies," he said. The institute is at an advanced stage of developing a rabies vaccine as well as a tablet for the treatment of malaria.
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