New Delhi: The Indian Institutes of Technology (IITs) will focus on a 'Vision Document' prepared by a three-member committee. The 'vision' is set upon the measures to suggest IITs' collaboration with the private sector in IT, biotech and other emerging areas.

Union Human Resource Development (HRD) Minister, Mr. Kapil Sibal said, "The document will focus the need for IITs to move forward. It will lay a path for their development, as the committee will specify how to give more emphasis on research and how can their level of involvement be increased in the national projects for development."

The IIT Council also settled upon appointing the directors and board members based on the recommendation made by an independent collegium.

Reforming the non-plan grants for IITs, the IIT Council announced that instead of the existing scheme of block grants, it would now be based on the number of students in each IIT, which means that more grant will be allotted to the institutes having more students.

In order to attract investment from foreign universities, changes will be incorporated even in the norms so that short term investment from any overseas institute can be made in the IITs.