25th June 2012
All India Council for Technical Education (AICTE) has plans to set up one Research Park in every state to encourage research across industries.
The council will grant Rs 1 crore as seed money, while the industry has to provide a matching grant. The parks will be built on premises of an Institution in an area of at least 3,000 sq feet
AICTE wanted such parks in each state, and the industry can form a group and carry out wide-ranging research on their needs with the help of the selected institutions
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