The move is to create more IITs is not a bad one as long as the bridge in facilities between the existing IITs and the new IITs is made up quickly. Afterall there are quite a few opportunities for competent engineers even now. With ideas like exchange programs and admitting international students through SAT, it will only add more credit to the institution.
However how long it will take for the new IITs to catch up with the old one leaves me uneasy