A cooperation agreement among Keidanren, FTI, and Thammasat University was reached in 1992 to establish bachelor’s degree programs in engineering at Thammasat University with initial funds provided by Keidanren and FTI. After two years of successful operation, the “International Institute of Technology (IIT)” was founded on September 16, 1994. Her Royal Highness Princess Maha Chakri Sirindhorn graciously presided over the Cornerstone Laying Ceremony of a new building at the Rangsit Center of Thammasat University. His Majesty King Bhumibol Adulyadej of Thailand graciously granted the Institute a new name, “Sirindhorn International Institute of Technology (SIIT),” on June 28, 1996. SIIT offers undergraduate and graduate programs (master and doctoral levels) leading to the Bachelor of Engineering (B.Eng.), Bachelor of Science (B.Sc.), Master of Engineering (M.Eng.), Master of Science (M.Sc.), and Doctor of Philosophy (Ph.D.). At the present time, the Institute has established both faculty member and student exchange programs with a number of universities in Asia, Australia, Europe, and North America. These programs allow not only faculty members to collaborate with their counterparts in research projects, but also students to have an opportunity to take courses at those universities. Additionally, invitations to visit and teach SIIT courses are regularly extended to qualified foreign professors under such programs.