Institute of Shipbuilding Technology, Goa (ISBT) was  established  by  Society for Industrial & Technical Education of Goa (SITEG) (formerly know as Shipbuilding Industry Society of Goa (SIG)) in the year 1981. Perhaps ISBT is the only institute in India to be established and managed by a group of Industries. Requirement of highly specialized  trained  manpower by  the Shipbuilding / Barge building, repair and allied industries forced the industries in  this  business   to come  together under  the banner of Shipbuilding Industry Society of Goa and established the Institute.  Main objective of SITEG is to provide  industry with well trained technical manpower to suit  their  requirements, and  conduct  retraining programmes for existing workforce. ISBT is a government  aided institute receiving grants from Government of Goa, under the Grant-in-aid pattern.  Establishment of ISBT is approved by All India Council for Technical Education, New Delhi.

First course to be introduced at ISBT, was Diploma programme in Shipbuilding Engineering in August 1981.  This course till today is considered as a unique course to be offered only by ISBT.  It is a sandwich type of course with compulsory industrial training of one year at shipyards located in Goa and in neighbouring states.  This course is now accepted as entry qualification for Engineer Officers by Directorate General of Shipping, Govt. of India. Having achieved reasonable success in offering need based Diploma programmes, ISBT introduced Diploma in Mechanical Engineering with specialization in Material Handling Technology/Heat Power Engineering (now as Diploma in Mechanical Engineering) from the academic year 1990-91 and Diploma programme in Electronics Engineering with specialisation in Marine Electronics from the year 1995-96 (now renamed as Diploma in Electronics & Communication).                                                               

After the meaningful implementation of World Bank Project, under which this Institute was covered, Institute has well equipped laboratories for all its three departments, a centralized Computer Centre, an air-conditioned Self Learning Centre with attached Audio-Visual Room and other state of art facility for facilitating the teaching-learning process.  An investment of around Rs.6.50 crores has gone into development of infrastructure at ISBT under the World Bank Assisted Project.

(Source:- http://www.isbt.ac.in/asp/aboutus.asp)