The Union Government grants Institutions of Eminence (IoEs) status IIT-Bombay

The Union Human Resource Development (HRD) Ministry has granted “Institutions of Eminence” (IoEs) status to IIT-Delhi, IIT-Bombay and the Bengaluru-based Indian Institute of Science (IISc) in the public sector, and Manipal Academy of Higher Education, BITS Pilani and Jio Institute by Reliance Foundation in the private sector. The Jio Institute has been selected under the Greenfield Category. The aim of this move is to improve the level of educational institutes in the country, so that they can compete with foreign institutions. The goal is to bring them into the top 500 institutions in the world within the next 10 years, and eventually in top 100. The Government will grant Rs 1,000 crore funds to the three public institutions in the next five years though; the private institutes will not be eligible for government funding.