AP state govt wanted an IIT in the state as nearly one third of the IIT qualifiers are from that state (perhaps this claim includes post graduate students). It passed a resolution in the assembly, acquired over 1000 acres and approached the centre. With the centre turning down the proposal, now it is planning to launch the same with support from private industries. Dr Reddy Labs was the first to chip in with support.
Will it exceed? Naidu brought ISB in competition with govt owned IIMs. Can Reddy bring a privately funded IIT in competition with IITs?