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The report was discussed at the IIT Council meeting here on Friday. After the meeting, Sibal is reported to have announced the setting up of 50 research parks at a cost of Rs 200 crore during the 12th plan period. These could be set up on PPP mode, encouraging private players to carry out research activities in collaboration with government institutions. One such park already exists in Chennai. Given that credit-based practices were being followed by different IITs for promotion of students, the Council agreed that academic bodies of IITs should consider acquisition of credits as criteria for movement of students and granting of degrees.
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