![India to see 'significant economic activity' over next 10 years: Nandan Nilekani](https://img.etimg.com/thumb/msid-101127538,width-300,height-225,imgsize-76526,resizemode-75/india-to-see-significant-economic-activity-over-next-10-years-nandan-nilekani.jpg)
This years contribution brings the cumulative value of his financial support to over Rs 400 crores so far.
Today in Bengaluru, Nandan Nilekani and Prof. Subhasis Chaudhuri, Director of IIT Bombay, formally signed the Memorandum of Understanding. This significant agreement marks a major milestone in IIT Bombay's ambitious goal of becoming a global leader among engineering and technology institutes, while also making substantial contributions to the nation.
Nandan Nilekani, who pursued a Bachelor's degree in electrical engineering at IIT Bombay starting in 1973, has now made a remarkable donation to commemorate the golden jubilee of his association with the institute. This generous contribution not only reflects his enduring bond with his alma mater but also stands as one of the largest donations ever made by an alumnus in India.
The donated funds will play a pivotal role in establishing state-of-the-art infrastructure, fueling research in emerging fields of engineering and technology, and cultivating a thriving ecosystem for deep tech startups at IIT Bombay. With this support, the institute aims to foster innovation, attract top talent, and propel groundbreaking advancements in the field.
Throughout the past five decades, Nilekani has maintained a strong connection with the Institute, assuming various roles and contributing significantly to its growth.
From 1999 to 2009, he served on the Board of the IIT Bombay Heritage Foundation, demonstrating his commitment to supporting and preserving the institution's legacy. Additionally, Nilekani played a crucial role as a member of the Board of Governors from 2005 to 2011, actively participating in the strategic decision-making processes.
Recognizing his outstanding achievements and contributions, Nilekani received the esteemed Distinguished Alumnus Award in 1999, highlighting his exceptional accomplishments and impact in his field. Furthermore, in 2019, during the 57th convocation of IIT Bombay, he was bestowed with an Honorary Doctorate, further affirming his remarkable achievements and association with the institute.
In line with its vision, IIT Bombay aims to establish cutting-edge centers of excellence in key areas such as artificial intelligence, green energy, quantum computing, and more. By nurturing a thriving ecosystem for deep tech startups and providing top-notch research facilities, living spaces, and academic resources, the institute strives to create an environment conducive to excellence for both students and faculty members.
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