1 week ago
Rakesh Gangwal Commits ₹300 Crore to IIT Kanpur Medical School
Rakesh Gangwal is giving IIT Kanpur another ₹300 crore for its medical school.
He had already donated ₹100 crore in 2022.
This brings his total contribution to ₹400 crore.
He will also match donations from other supporters up to ₹300 crore.
The school plans to build a 500-bed hospital.
It has also proposed a 200-bed cancer care and research centre.
Doctors, researchers, engineers and technology experts are expected to work together there.
The goal is to improve medical education, healthcare research and medical technology.
IIT Kanpur says the project could help healthcare in Uttar Pradesh and across India.
IndiGo co-founder and IIT Kanpur alumnus Rakesh Gangwal committed an additional ₹300 crore to the Gangwal School of Medical Sciences and Technology.
The latest contribution brings Gangwal’s total support for the school to ₹400 crore, including ₹100 crore donated in 2022.
Gangwal will provide matching grants of up to ₹300 crore against contributions from other supporters.
The school’s plans include a 500-bed super-speciality hospital and a proposed 200-bed cancer care research centre.
The institution will combine medicine with engineering, science and technology for education, research, healthcare delivery and MedTech innovation.
- Who
- Rakesh Gangwal, IndiGo co-founder and IIT Kanpur alumnus, committed the funding.
- What
- He committed an additional ₹300 crore to develop the Gangwal School of Medical Sciences and Technology.
- Where
- The school is being developed at the IIT Kanpur campus in Uttar Pradesh, India.
- When
- The announcement was reported on Monday; Gangwal’s earlier ₹100 crore contribution was made in 2022.
- Why
- The funding is intended to accelerate the school’s development and support interdisciplinary medical education, research, healthcare delivery and MedTech innovation.
Key facts
- Additional contribution
- ₹300 crore
- Cumulative contribution
- ₹400 crore, including ₹100 crore given in 2022
- Matching grants
- Up to ₹300 crore against contributions from other supporters
- Institution
- Gangwal School of Medical Sciences and Technology at IIT Kanpur
- Planned hospital
- 500-bed super-speciality hospital
- Proposed cancer centre
- 200-bed cancer care research centre
- Focus areas
- Medical education, clinical research, healthcare delivery and MedTech innovation
Quotes
Rakesh Gangwal
IndiGo co-founder and IIT Kanpur alumnus
“It is an honour and a privilege to be part of this innovative and first-of-its-kind medical institution.”
freepressjournal.in
Manindra Agrawal
Director of IIT Kanpur
“This additional contribution of Rs 300 crore by Gangwal will help us bring this vision into reality sooner.”
freepressjournal.in
Sources
IIT Kanpur's Gangwal School of Medical Sciences gets ₹300 crore additional funds from IndiGo co-founder Rakesh Gangwal
IndiGo Co-Founder Rakesh Gangwal Commits Additional ₹300 Crore To IIT Kanpur Medical School, Taking Total Contribution To ₹400 Crore
IIT Kanpur receives Rs 300 contribution from Indigo co-founder Rakesh Gangwal
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