R Nagarajan, Professor, Department of Chemical Engineering, IIT-Madras stated that the facility would have 10-15 research centres at a time
The Indian Institute of Technology, Madras (IIT-Madras) is currently setting up a research campus in Thaiyur, near Chennai. The premier institute is conducting preliminary discussions with various stakeholders to bring in research projects for the research campus. The INR 10-12 crore projects had received funding from corporate social responsibility (CSR) initiatives of various companies in 2015.
The Thaiyur institute has been given a constructible area of 160 acres by the Tamil Nadu state government. R Nagarajan, professor, Department of Chemical Engineering and Dean-International & Alumni Relations, IIT-Madras stated that the facility would have 10-15 research centres at a time.
Nagarajan stated to a daily "The research campus would be for long-term research projects, such as a water research centre, which would be run in a mixed model of industry and government funding.” The first two major rounds of funding are estimated for completion in the coming two months but the entire project will take the next 10 years to complete at a cost of around Rs 600-800 crore. Nokia recently funded a research project on creating technology solutions to enhance broadband connectivity in rural India. Phase II of the IIT-M Research Park in Chennai is already occupied by Saint-Gobain Research India.