It is learnt that the ministry would, in a meeting later this month, vet the applications and shortlist eligible candidates following which a Search-cum-Selection Committee would make its recommendations, sources said.
The ministry had invited applications for the position of IIT Director last year.
The Director of an IIT, being the academic as well as administrative head, is expected to have proven administrative, teaching and research background, including significant experience in research guidance at the PhD level.
Meanwhile, the ministry has also sought applications from candidates for the positions of Director in seven National Institutes of Technology.
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Officials said that the terms of incumbents in many of these NITs were about to end, so the ministry has sought applications to fill these positions.
The NITs for which applications have been sought for NITs at Jaipur, Rourkela, Warangal, Allahabad, Kurukshetra, Tiruchirappalli and Durgapur.
The appointment for an NIT Director is for a term of five years or till the attainment of the age of 70 years.