IndiGo co-founder Rakesh Gangwal has committed an additional Rs 300 crore to IIT Kanpur for developing the Gangwal School of Medical Sciences and Technology, taking his total contribution to Rs 400 crore. He will also match up to Rs 300 crore in donations from other supporters. The project includes a 500-bed hospital and a proposed 200-bed cancer centre.
Mumbai: IndiGo Co-founder and IIT Kanpur alumnus Rakesh Gangwal has committed an additional funding of Rs 300 crore to his alma mater for the further development of the Gangwal School of Medical Sciences and Technology at the institute premises, a statement said on Monday.
This follows his contribution of Rs 100 crore in 2022, which supported the Institute's plans to establish a medical school on campus, taking his cumulative contribution towards the Gangwal School to Rs 400 crore, it said.
With this commitment, Gangwal will provide matching grants of up to Rs 300 crore against contributions from other supporters towards the development of the school.
"It is an honour and a privilege to be part of this innovative and first-of-its-kind medical institution," Gangwal was quoted as saying in the statement.
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