BIT: This Indian school also has its campus in Dubai, has given thousands of CEOs to top companies

Finance Minister Nirmala Sitharaman on Saturday inaugurated the new campus of Birla Institute of Technology (BIT) in Mumbai. This is the fifth campus of BIT. On this occasion, the Finance Minister also gave information about the achievements and contributions of BIT.

5th campus inaugurated in Mumbai

An official statement said that Finance Minister Nirmala Sitharaman inaugurated the fifth campus of BIT in Mumbai. Speaking at the inauguration, he told how Birla Institute of Technology started as just a school and today its strength has expanded to 5 campuses, one of which is located outside the country in Dubai. Apart from Mumbai and Dubai, BIT also has campuses in Pilani, Goa and Hyderabad. He also said that BIT has so far provided 7,400 CEOs to Fortune 500 companies.

Happy with separate semiconductor department

According to the Finance Minister, BIT has acted as a catalyst. Work has been done and 170 startups have been incubated on the BITS campus. The 17,800 academic publications from BITS show how the institute has fostered a research culture. Praising the separate department of semiconductor in BITS Pilani, he said that the Government of India is promoting the semiconductor sector on a large scale.

6,400 startups have come out of the institute

Finance Minister Nirmala. Regarding the contributions of the institute, Sitharaman said that India's startup industry is getting great support from the BITS Institute. The institute has given 64 hundred startups to the country, out of which 13 are unicorns and 2 are decacorns. He also praised the culture of charity at BITS, mentioning that Rs 125 crore has been given as scholarships by in-house promoters.

Appeals to take advantage of government initiatives

On this occasion, the Finance Minister also talked about various efforts of his government. He said that a provision of Rs 1 lakh crore has been made in the recent budget for research and innovation, which everyone should take advantage of. He called upon students to research how the Covid pandemic, two wars and piracy at sea have affected India's supply chain.

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