TMCnet News
IIT-B joins hands with Australian varsity for researchMumbai, Nov 26, 2008 (Asia Pulse Data Source via COMTEX) -- Indian Institute of Technology (IIT) Bombay and Monash University of Australia today jointly launched an independent research centre here. IITB Monash Research Academy, located in the IIT-B campus in north east Mumbai, is expected to carry out research in areas of critical interest to global enterprises in order to become the leading provider of contract and research services in Asia-Pacific region, officials said. The initial focus will be to provide research programmes on energy, water, biotechnology, stem cell, infrastructure and advance computer engineering, Juzer Vasi, Acting Director of IIT Bombay, said. "In the modern world, it is very important to work together. There are some areas where they (Monash) are strong and others where we are strong," he said. The academy is a non-profitable institute run by an autonomous governing body and an Advisory Council whose members include Infosys Chairman Narayan Murthy and Pawan Goenka of Mahindra & Mahindra. Students studying at the academy will get PhD approved by both universities. Also, Indian students will go to Australia for three months and get a stipend of about Rs 22,330 per month as compared to their IIT Bombay counterparts who get Rs 15,000, Vasi said. Monash University has student exchange programmes with universities across the world but this is the first time they are providing a joint research programme, Monash University Chancellor Alan Finkel said. |