IIT-Kharagpur Targets $200 Million From Alumni By 2020

New Delhi, May 30 | Updated: May 31 2004, 05:30am hrs
This is the time to pay back to the institution that built your career. With this message Indian Institute of Technology (IIT) Kharagpur director Shishir Dube and dean-alumni affairs M Chakraborty are visiting US, UK and Canada. The effort is to generate a fund of $200 million by 2020 with an objective of maintaining high educational standard of IIT Kharagpur (KGP).

The alumni have already donated about $10 million to IIT-KGP. These funds have been used to develop a world-class infrastructure including Vinod Gupta School of Management and GS Sanyal School of Telecom Golden Jubilee Network. IIT Kharagpur needs money to enhance and sustain its status as the leading technical educational institute in the world. It must have world-class infrastructure to attract and retain world-class faculty besides attracting best students at all levels. Maintaining and upgrading infrastructure is a continuous process, Prof Chakraborty said.

The duo will be going to New York, Houston, Omaha, Los Angeles, San Francisco, Boston and Detroit in the US; Atlanta and Toronto in Canada and London in UK to meet IIT-KGP alumni who are holding top executive positions in various companies.

IIT Kharagpur needs money to enhance & sustain its status as the leading tech educational institute in the world.
The other purpose of the visit is to present distinguish alumnus award to Dr Praveen Chaudhury, director, Brookhaven National University (US) and sign a memorandum of understanding (MoU) with University of Southern California. IIT-KGP is also focusing on sponsored research and consultancy projects to generate resources. We have already generated Rs 89 crore under this head. The government has also given Rs 15 crore to conduct research on oceanography. Resource generation is key to sustain better and quality education, Prof Chakraborty added.

Stressing the need to generate additional resources, IIT alumni association general secretary YPS Suri said: The government gives a grant of Rs 100 crore per annum to IIT-KGP. Over 80 per cent of that goes to pay salaries of faculty and administrative staff, remaining funds are used for paying utility bills and maintaining infrastructure.