to the it industry the iiit will have 50 investment from the union government 35 from the state government and 15 from industrial partnership a total of rs 128 crore will be invested in setting up of the institute for students iiit pune will temporarily function from siddhant engineering college and a permanent campus will be constructed in chakan the institute will start functioning under the mentorship of the coep and 120 students will be admitted in 2016 of scanners to streamline the verification on the total cost of the installation along with the training to the school staff to run the system wajahat said it would not be more than rs 30000 a onetime investment with gain thereafter he said earlier all the students used to leave the school in five minutes however now it takes more than 20 minutes to verify and then allow the students to leave but now the school is at least sure that the student is going with the right person