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==History== [[File:Nehru - rope FoundationStone IITBombay 1959.jpg|thumb|left|160px|Foundation stone being layed by Jawaharlal Nehru in 1959]] IIT Bombay was the second [[Indian Institutes of Technology|Indian Institute of Technology]] to be established in 1958 with assistance from [[UNESCO]] and with funds endowed by the [[Soviet Union]].<ref>{{cite web |url=https://www.iitb.ac.in/en/about-institute |title=About Institute {{!}} Indian Institute of Technology Bombay |access-date=1 September 2023 |url-status=live |website=www.iitb.ac.in |archive-url=https://web.archive.org/web/20230901141125/https://www.iitb.ac.in/en/about-institute |archive-date=1 September 2023}}</ref> UNESCO agreed to provide equipment whilst technical experts mainly came from the Soviet Union. The Government of India held the mantle for all other expenses including the cost of the buildings and any recurring expenses. The proposed site for the institute was [[Powai]] with an area of {{convert|550|acre|km2}} which the [[Bombay State]] Government rendered. While construction was being completed, the first academic session of the institute opened on 25 July 1958, in its temporary home at the Synthetic and Art Silk Mills Research Association (SASMIRA) building in [[Worli]] with 100 students.<ref>{{cite web |url=https://indianexpress.com/article/cities/mumbai/first-batch-of-iit-bombay-comes-back-to-campus-to-reflect-on-the-journey-and-mark-road-ahead-8351477/ |url-access=subscription |title=First batch of IIT Bombay comes back to campus to reflect on the journey — and mark road ahead |first=Pallavi |last= Smart |date=5 January 2023 |website=[[The Indian Express]] |access-date=1 September 2023}}</ref><ref name="worli">{{cite web |url=https://www.hindustantimes.com/mumbai/iit-b-s-first-batch-to-have-50-yr-reunion/story-grj8Z0DQRRskkobFuYLIpI.html |title=IIT-B's first batch to have 50-yr-reunion |date=28 December 2012 |access-date=1 September 2023 |website=[[Hindustan Times]]}}</ref> The following is the status quo of the assistance received from the UNESCO under the UN Expanded Programme of Technical Assistance: * Equipment costing Rs.57,35,000 has so far been received (USSR—Rs.55,50,000; UK—Rs.1,50,000; USA—Rs.18,000 and Germany—Rs.19,000) * 12 Professors (10 Russians, 1 American and 1 Yugoslavian) and 3 Russian Translators are working at the Institution. * For advanced training in USSR, 4 Indian teachers were deputed in 1958 and 6 more teachers were selected.<ref>{{Cite journal |title=EIGHTH SESSION,1959/1881(Saka) |url=https://eparlib.nic.in/bitstream/123456789/1769/1/lsd_02_08_10-08-1959.pdf |journal=Lok Sabha Debates}}</ref> These students were selected from over 3,400 applicants for admission to the first year undergraduate engineering programmes of Aerospace, Chemical, Civil, Computer, Electrical, Engineering Physics, Energy, Mechanical, Metallurgical Engineering, and MSc Chemistry.{{citation needed|date=September 2023}} One of the main objectives of establishing the institute was to develop facilities for studies in a variety of specialized engineering and technological sciences. The need for establishing adequate facilities for postgraduate studies and research was kept uppermost in mind in the founding years. While the institute was functioning provisionally at Worli, an effort was made to expedite the progress of the building project at its permanent location and [[Jawaharlal Nehru]] laid the foundation stone of the Institute at Powai on 10 March 1959.<ref name="worli" /><ref>{{cite web |url=https://alumni.acr.iitb.ac.in/events_list/foundation-day/ |title=Foundation Day - Indian Institute of Technology Bombay|access-date=1 September 2023 |website=www.alumni.acr.iitb.ac.in}}</ref> On 9 July 2018, IIT Bombay was conferred the status of [[Institutes of Eminence|Institute of Eminence]] by the Ministry of Human Resources & Development, along with 5 other institutes in India which would provide it additional autonomy and government funds.<ref>{{Cite news |date=2018-07-10 |title=IIT Bombay Declared As Institute of Eminence |language=en |work=IIT Bombay |url=http://www.iitb.ac.in/en/breaking-news/iit-bombay-declared-institute-eminence |access-date=2018-09-02}}</ref><ref name="PR6">{{cite press release |title=Government declares 6 educational 'Institutions of Eminence'; 3 Institutions from Public Sector and 3 from Private Sector shortlisted |url=https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1538188 |website=pib.gov.in |access-date=15 October 2019 |publisher=[[Ministry of Human Resource Development]] |date=9 July 2018}}</ref>
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