$174.8 million Japan aid to IIT-Hyderabada

Japan will provide $174.8 million (around 870 cr) loan as development aid to the Indian Institute of Technology, Hyderabad (IIT-H), the biggest-ever foreign aid to an IIT, which experts said will have a leapfrog effect on the standard of higher education in the state and boost infrastructure.
Armed with the financial aid, IIT-H will erect nine state-of-the-art buildings, including a special technology centre, new academic blocks and a research park.