IIT Bombay, the second in the chain of IITs, was set up in 1958. It was the first IIT to be set up with foreign assistance. The funds came from UNESCO in roubles from the Soviet Union. In 1961, the Parliament decreed IITs as 'Institutes of National Importance'. Since then, IIT Bombay has grown from strength to strength to emerge as one of the top technical universities in the world.
IIT Bombay has a total of 14 academic departments, six centres, one school, and three interdisciplinary programmes. It is recognised worldwide as a leader in the field of engineering education and research. It is reputed for the quality of its faculty and the outstanding calibre of students graduating from its undergraduate and postgraduate programmes.
Over the last fifty-three years, around 39,000 engineers and scientists have graduated from the institute. It is noted for its strong research groups in varied areas of science and technology that are making substantial contributions to national projects. Educational progammes here extend beyond the physical sciences and engineering into humanities and social sciences such as Economics, English, Philosophy, Psychology and Sociology and into management studies. Over the years, the institute has also created a niche for its innovative short-term courses through continuing education and distance education programmes. In 2011, a total of 1846 degrees, including 173 Ph.D., were awarded, which represents 9.2 per cent increase in the total number of degrees awarded in the previous year. The faculty of the institute has won many prestigious awards and recognitions, including nine Shanti Swaroop Bhatnagar awards.
Residents at IIT Bombay have the twin advantage of being located at the financial capital of India while enjoying the serene environs of the campus located at Powai, situated in the northern suburbs of Mumbai, in Western India. It is a fully residential institute, with all its students staying on campus. The students are accommodated in 14 hostels with in-house dining and excellent amenities for sports and other recreational facilities.
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