Oh sorry, I missed a zero, it is Rs.25000. But that is not bringing anything to India or it does, except for IT in service sector? We have not been able to develop a single commercial Fabrication when the World is moving to Graphene, leave silicon one side.
MIT material are useful for good contacts and to work for ToT, when you are in government sector. Academically, its quote similar to our IISc and TATA Fundamental, I will not include IIT's because they are highly commercialized just like any IIM, work of different ideology.
Any ways, I still hope that funding is increased for R&D in the coming two years.