IIT Kanpur gets Rs 100 crores in Donation: Read about Rakesh Gangwal's personal contribution
New Delhi : Rakesh Gangwal is an IIT Kanpur Alumnus and co-founder of India's budget airline IndiGo. He has made a personal donation of Rs 100 crores in the institution. IIT Kanpur Director Abhay Karandikar has confirmed the contribution on Twitter.
"Here is big news from IIT Kanpur. In an extraordinary gesture, our alumnus Rakesh Gangwal, co-founder of IndiGo airlines has made one of the largest personal donations with a Rs 100 crore contribution focused on supporting the School of Medical Sciences and Technology at IIT Kanpur," Karandikar tweeted.
The IndiGo co-founder will also soon join the Advisory Board of the institution.
He has also signed a pact with the institution under which a medical facility will be developed in two phases. In the first phase, a 500-bed facility will be made and in the second phase it will be expanded to 1000-bed facility.