Reddy Labs okays for IIT

To invest Rs. 1000 crores

As the Central Government expressed its inability to set up further IITs in the Country, Dr.Reddy Labs came forward to establish the prestigious IIT at Basara with an investment of more than Rs.1000 crores with international standards in an extent of 1000-acre land.

Anji Reddy, the Chief of Reddy Labs, accepted the noted educationalist Ch.Ramayya's proposal. He went to the Chief Minister and explained the proposal, which was in principal accepted by the CM, said Ramayya.

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Events and happenings on 5 May in History

5 May 2001
Highlights: United Insurance special scheme for Engineering Students in state

5 May 2002
Highlights: Over 250 child labour rescued in Kurnool

5 May 2003
Highlights: Intermediate first year results released

5 May 2005
Highlights: More than one hundred naxals give up

5 May 2006
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5 May 2007
Highlights: Chief Minister to leave for US on Sunday