IIT Kanpur Receives Rs 100 cr Contribution from Rakesh Gangwal

Indian Institute of Technology Kanpur and its alumnus Rakesh Gangwal, who is the co-founder of India’s leading airline company, Indigo have signed a deal to work together for establishing the School of Medical Sciences and Technology on the IIT Kanpur campus. Mr. Gangwal has signed an agreement with IIT Kanpur on April 4, 2022, to support the ambitious project. He will be donating Rs 100 crores to support the establishment of the school. The agreement was signed between Prof. Abhay Karandikar, Director, IIT Kanpur, and Rakesh Gangwal, in the presence of representatives from both sides and other invitees.  After the deal, Prof Abhay Karandikar, Director IIT Kanpur said, “The proposed medical school will play an important role in driving IIT Kanpur’s innovations in medical research and technology and catapult India into to the global league of institutions that are converging medical sciences and technology to benefit humankind.” The school will be named as “Gangwal School of Medical Sciences and Technology”. Mr. Gangwal will also be on the advisory board of the school. Rakesh Gangwal in his statement said: “It is a privilege to be associated with such a noble endeavor with my alma mater. I am proud to see the institution that has produced thousands of leaders across various sectors, is now paving the way in the healthcare sector. More than ever, healthcare is intertwined with technological advances and this School will accelerate innovation in healthcare.”