Archive · 8 Aug 2025
IIM Raipur, NIT Raipur to Receive Rs 172 Crore from Motilal Oswal
The Motilal Oswal Foundation is donating a large sum of money, Rs 172 crore, to two schools in Raipur: IIM Raipur and NIT Raipur.
IIM Raipur will use their portion to build new places for students to live and learn, and will start programs where students can study in other countries.
NIT Raipur will build a center for new ideas, focusing on technology and helping students start their own businesses.
The goal is to educate students and prepare them for future jobs, with construction expected to start in 2025 and be finished by 2027-2028.
Motilal Oswal Foundation is giving Rs 172 crore to IIM Raipur and NIT Raipur.
IIM Raipur will use the funds to build a student residence and a knowledge center, expanding student capacity to 1,200 by 2030.
IIM Raipur will launch international dual degree MBA programs with universities in the USA, UK, France, and Germany.
NIT Raipur will establish a Centre of Excellence for Innovation and Entrepreneurship focused on AI, Robotics, and Clean Energy.
Both projects are expected to be operational by 2027-28, supporting India's youth through education and entrepreneurship.
- Who
- Motilal Oswal Foundation, IIM Raipur, NIT Raipur, and Raamdeo Agrawal are involved.
- What
- Motilal Oswal Foundation is providing financial support to IIM Raipur and NIT Raipur.
- When
- Construction is scheduled to begin in the financial year 2025-26, with completion expected by 2027-28.
- Where
- IIM Raipur and NIT Raipur in Raipur will receive the funds.
- Why
- To expand educational facilities, support innovation, and empower youth with education and entrepreneurship opportunities.
Supporters
No Opposition
Impact on Education
Supporters
View the funding as a positive step towards advancing education and skill development.
No Opposition
No opposing views in the provided text.
- Total Funding
- Rs 172 crore
- IIM Raipur Funding
- Rs 101 crore
- NIT Raipur Funding
- Rs 71 crore
- IIM Raipur Expansion Goal
- Increase student capacity to 1,200 by 2030
- NIT Raipur Centre Focus
- AI, Robotics, Blockchain, IoT, and Clean Energy
- Expected Jobs by 2030
- 5,000 skilled jobs