Jamshedpur, Sept. 22: After elevation of status, the National Institute of Technology is on a quality overdrive. The money will be pumped in by the World Bank.

A team of professors, headed by director Debashish Bhattacharya has gone to New Delhi and Lucknow on a shopping spree. Recently, the institute patched up its approach road keeping in mind the placement season.

In pursuance of its commitment to the ministry of human resources department, New Delhi, the World Bank has given Rs 10 crore to each of the 17 National Institutes of Technology, including the one in Jamshedpur.

Special funds have been provided to the technical institute for upgrading engineering studies under the Quality Improvement Programme.

According to sources, the NIT, Jamshedpur, has set set up a purchase committee with institute director, Bhattacharya as chairman and professor Ram Binay Sharma of the mechanical department as in-charge of the renovation.

Sources said stress would be given on electronic as well as mechanical departments.

Officials at the institute told The Telegraph that the heads of all the eight departments have been instructed to submit a project report to buy equipment and accessories worth Rs 25 lakh each.

In this way, Rs 2 crore has been earmarked to upgrade all the eight departments and the remaining World Bank fund will be spent in upgrading infrastructure of the technical institute.Soon after the Regional Institute of Technologies were upgraded to NIT two years ago, the World Bank had pledged an assistance of Rs 100 crore to each of the National Technical Institutes for the upgradation of technical education in the country under a Quality Improvement Programme.

An official said the World Bank will finance on an instalment of Rs 10 crore a year, but the project will be subject to total utilisation of funds.

?There will be no funding next year, if the technical institutes fail to utilise the amount received from the World Bank,? the official said.

He expressed hope that NIT, Jamshedpur would definitely be able to utilise the funds effectively. The bounty will go a long way in improving the infrastructure of the institute, sources said. The NIT drew some of the top-notch companies for the campus selection this year.