IITs step up fundraising campaign to drive expansion

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IITs step up fundraising campaign to drive expansion

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The IITs are setting up special offices and foundations to mobilise more funds. The efforts have been paying off.

Synopsis

The IITs of Kanpur, Delhi, Madras, Bombay, Roorkee and Hyderabad, among others, are stepping up initiatives to engage with alumni, corporates and philanthropists to raise funds for growth needs.

Fundraising efforts are gaining momentum across India’s premier engineering colleges. Earlier this month, Indigo co-founder Rakesh Gangwal donated Rs 100 crore towards the School of Medical Sciences and Technology at the Indian Institute of Technology, Kanpur, one of the largest personal donations from an alumnus.

A little over a week later, this was followed up by another $2.5 million (Rs 19 crore) contribution from the Anil and Kumud Bansal

BY

ET Bureau

5 mins read, Last Updated:

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