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Our Bureau

Visakhapatnam, May 19

The Chief Minister, Dr. Y.S. Rajasekhara Reddy, will be laying the foundation stone for the building of the Indo-German Institute of Advanced Technology in the industrial estate here on Saturday. The institute offers job-oriented training programmes in different areas of advanced technologies. It is set up in five acres in the industrial estate under Indo-German technical co-operation programme at a cost of Rs. 25 crore. The State Government, the German Government and Gayatri Vidya Parishad are partners in establishing and managing the institute. The State Government has contributed 5 acres of land and Rs. 4 crore for buildings and the German Government Rs. 16 crore. The Gayatri Vidya Parishad is entrusted with the responsibility of taking care of managerial inputs amounting to Rs. 2.5 crore towards the recurring costs.

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