If it is BITS pilani campus,then definately go there.
If not,then I'd say go for uict.it has one of the best research programmes in asia.
It even beats iit kanpur in research.
look at its ranking by georgia tech - (taken from wikipedia)
ICT: Ranking by Georgia Institute of Technology
In a recent survey conducted by Prof. Jude Sommerfeld of the Georgia Institute of Technology, ICT placed 1st amongst the top chemical engineering schools in India. The ICT produces nearly three times the number of high-impact research as its nearest rival, IIT Kanpur, and has been the top-ranking Indian chemical sciences institute since 1965.
Publications and Research Rankings Of Indian Chemical Engineering Schools During The Period Of 2002-2006, as reported by Prof. Jude Sommerfeld, Georgia Institute of Technology.School Publication in 2006 Total Publications 2002-06 Rank 2002-06
Have a look here - http://en.wikipedia.org/wiki/Mumbai_University_Institute_of_Chemical_Technology