In a major setback for Ujjain, Indian Institute of Technology Indore’s ambitious project of setting up its first satellite campus in the ancient town is in the doldrums due to debt and a lack of funds even as minister for higher education Mohan Yadav is pressing for it.
IIT Indore, which is finding it tough to repay a loan of Rs 350 crore to the central government, is unwilling to start any major project—forget about a satellite campus—until it becomes debt-free.
Around six months ago, Yadav—who is an MLA from an Assembly constituency in Ujjain—revealed that IIT Indore had planned a satellite campus in the ancient town located around 50 kilometres from Indore. The then IIT Indore officiating director, Neelesh Kumar Jain, had confirmed the development, stating that the satellite campus would start with some PG courses.