Archive · 18 Jun 2025
₹25 Crore Released for IIFT Campus in Kakinada
The government is giving money to build a new school for international trade in Kakinada.
This school, called IIFT, is currently using a temporary space.
The new school will cost a lot of money, and the government is sharing the cost.
The central government has just given its part of the money, ₹25 crore.
The local representative asked for the money after the previous state government didn't pay their share.
Now, with the central government's contribution, they can start building the new school.
The Central government released ₹25 crore for the construction of the IIFT campus in Kakinada.
The IIFT was sanctioned to Kakinada three years ago and currently operates from the JNTUK campus.
The total cost of the permanent campus is ₹229.81 crore, to be shared equally by state and central governments.
The previous state government failed to release its share of the funds, which halted construction.
Kakinada Lok Sabha member Uday Srinivas sought the release of funds from Union ministers.
- Who
- The Central government and Kakinada Lok Sabha member Tangella Uday Srinivas.
- What
- Central government released ₹25 crore for IIFT campus construction.
- When
- Not specified in the articles.
- Where
- Kakinada, near Ponnada village in U. Kothapalli mandal.
- Why
- To fund the construction of the permanent campus of the Indian Institute of Foreign Trade.
Previous State Government
Current Central Government
Fund Release
Previous State Government
Failed to release their share of funds.
Current Central Government
N/A
- Institution
- Indian Institute of Foreign Trade (IIFT)
- Location
- Kakinada, Andhra Pradesh
- Funding Released
- ₹25 crore
- Total Project Cost
- ₹229.81 crore
- Funding Parties
- Central and State Governments (50:50)