The Ministry of Human Resource Development (MHRD) had
recently recommended setting up a company under the Companies Act 2013 to assist
the accreditation process of engineering colleges in the country. The idea was
put forward by the ministry in this year’s IIT Council Meeting. The new
company named as IIT Foundation for Accreditation and Assessment or IFAA has
been set up by the founding partners - IIT Madras, IIT Delhi and IIT Kharagpur.
Primary work of the company will be engineering college’s accreditation. IFAA would take over the
accreditation work of National Board of Accreditation or NBA. The process for
appointment of CEO is ongoing now. The company will be free from any intervention
from the Ministry or IITS, as stated by MHRD official.
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