Consultancy Cell to look at grooming students to focus on water and energy development in rural areas, Tier-II & Tier-III cities
To build a dedicated cadre of students to focus on housing, water and energy development in rural areas and tier II and tier III cities, a Technology and Development Consultancy Cell (TDCC) is coming up at IIT Bombay, as part of the Legacy Project of the 1987 batch. On Saturday, the batch of '87 will converge for their silver jubilee reunion.
The TDCC aims at taluka, district and state level projects to develop specific technologies in water planning and energy sectors. The batch of '87 has pledged approximately Rs 2.5 crore for the Legacy Project, which will also cover two initiatives started by alumni that are already running at IIT Bombay, the Students' Scholarships and the Retired Faculty Wellness Fund.
Explaining the TDCC plan, Dushyant Pandya, a 1987 alumnus, said, "There is a substantial market at the taluka and district levels, a market that is largely unexplored. Many student projects work with district collectors, NGOs, state agencies to deliver critical knowledge inputs.
The aim is to start a paid-consultancy model to hire our fresh engineers/development professionals as consultants to meet these requirements. The expected outcome is to engage in development consultancy and explore business models which will work, and train future consultants and designers for development sectors."
The TDCC will provide a career in the technology development consultancy sector, and create course material in the area. The cell will interact with students within IIT Bombay and groom them for a consultancy role in the development sector. The potential achievements, as drawn up by the batch, includes 20-25 consultants trained to work on development projects, completion of up to four big projects and demonstration of several business models by which consultants can engage with development agencies.
Assuming that the technology development programme needs three years of support, the batch is expected to keep aside Rs 80 lakh for the purpose.
To ensure that lack of funds does not come in the way of talented students getting IIT education, the 1987 batch will also support several students' scholarships for the programme. It will either fund a one-time operational expense through the Legacy Fund or create an endowment of approximately Rs 6 lakh per scholarship and pay students an annual amount from interest. Another option is to provide bridge funding to students for