(News) Couple Give IIT-K Rs 9 Crore for B-School

Couple Give IIT-K Rs 9 Crore for B-School

  Two alumni of the Indian Institute of Technology, Rajendra Singh and his wife Neera, have donated Rs 9 crore to their alma mater — the highest amount ever donated to the institution by an individual.

The money is meant for setting up of an elite management school inside the institute. Singh said this would promote entrepreneurship, so that management graduates can go ahead and give jobs to others. It is also learnt that graduates with innovative ideas will be financially supported to establish businesses. Neera Singh, who is from Lucknow, hopes this management school will boost the spirit of business among skilled youth.

Originally from Jhunjhunu from Rajasthan, Rajendra Singh completed his BTech in Electrical Engineering from the institute in 1975. His wife Neera did her BTech in Chemical Engineering and graduated in 1981. Rajendra Singh at present is Chairman of the Board of Directors of two telecom companies in America — LCC International and Telecom Ventures, LLC.

IIT-K Director Sanjay G Dhande said “every IITian gets a good job”. But it would be “a matter of pride” if he comes forward to create jobs for others, he said. He said this management school will be set up on campus by 2008-09. “It will teach all streams, including infrastructure, financial planning, telecom and other,” Dhande said, adding, the IIT-K’s school of management will be first of its kind in the country where technology and management will complement each other.

Courtesy:- ExpressIndia

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