The Union Cabinet has given its approval for setting up of Indian Institute of petroleum of Energy (IIPE) at Visakhapatnam in Andhra Pradesh as an institute of National importance: through an act of parliament. The institute will have the governance structure as well as legal mandate o grant degrees in a manner similar to the enjoyed by IITS. A separate Act will also impart the required status to the Institute to become a “Centre of Excellence” in petroleum and energy studies.

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