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Showing posts from September, 2012

India turns to Alumni fund

Indian B-schools and Tech colleges are taking a leaf out of their global peers Harvard and Standford universities. It is commonly believed that India lags behind leading American universities in attracting alumni sponsorships.

But now the storyline is changing. Recently, Technology entrepreneur Romesh Wadhwani pledged $5 million for a new bioscience and bioengineering research facility at his alma mater, IIT Bombay. Patu Keswani, BTech from IIT Delhi and Chairman and Managing Director of Lemon Tree Hotels, a chain of full service budget hotels, has committed Rs.20 crore to construct a Research Centre for his alma mater. Vinod Khosla, another distinguished alumnus of IIT Delhi, and Co-founder of Sun Microsystems has contributed $5 million for theSchool of Information Technology.

The Kusuma Trust, a UK-registered charity working in the field of education, made IIT Delhi a grant of £2.8 million towards research facilities for the School of Biological Sciences. Trust's co-founder and …