About Indian Institute of Technology:
IIT Bombay, the second in the chain of IITs, was set up in 1958. It was the first IIT to be set up with foreign assistance. The funds came from UNESCO in roubles from the Soviet Union. In 1961, the Parliament decreed IITs as 'Institutes of National Importance'. Since then, IIT Bombay has grown from strength to strength to emerge as one of the top technical universities in the world.