Nilekanis to give Rs 50 crore to institutehttps://indianexpress.com/article/news-archive/web/nilekanis-to-give-rs-50-crore-to-institute/

Nilekanis to give Rs 50 crore to institute

Former Infosys chief and chairman of Unique Identification Development Authority of India Nandan Nilekani and his wife Rohini have announced a Rs 50 crore philanthropic grant.

Former Infosys chief and chairman of Unique Identification Development Authority of India Nandan Nilekani and his wife Rohini have announced a Rs 50 crore philanthropic grant to the Indian Institute for Human Settlements (IIHS) to fund the establishment of a School of Environment and Sustainability.

The Nilekanis’ contribution will go to make up a portion of a Rs 300 crore ($ 67 million) IIHS resource mobilisation campaign to fund five interdisciplinary schools,one of South Asia’s largest reference and digital libraries,and other facilities at the institution’s proposed campus in Bangalore.

“The IIHS is at the convergence of both our interests in education,urbanisation and sustainability. We are excited about contributing to an institution which will help people engage with new challenges in an innovative and interdisciplinary manner,” the Nilekanis said in a joint statement issued on Monday. The net worth of the Nilekanis is estimated to be over $ 1.8 billion.

The School of Environment and Sustainability that they are funding will be part of the IIHS campus on a 54 acre site in Kengeri,Bangalore. The 0.45 million square feet campus is currently in the planning stage and is scheduled to take complete shape in five to seven years.

Advertising

“India is returning to a tradition of philanthropy to build independent national institutions for the common good. Rohini and Nandan Nilekani’s support to IIHS’s School of Environment and Sustainability is in the spirit that created some of India’s greatest universities almost a century ago. We hope we can match up to this aspiration.” IIHS director Aromar Revi,an international development consultant,said in a statement.

The IIHS is an attempt at creating “a national educational institution committed to the equitable,sustainable and efficient transformation of Indian settlements”,said an IIHS note. Apart from the Rs 300 crore for the institution an additional Rs. 100 crore ($ 22 million) is being raised for chair professorships at IIHS.