India: IIT-Delhi steps up effort to garner $1b endowment fund

India: IIT-Delhi steps up effort to garner $1b endowment fund

IIT-Delhi is hoping to spend ₹25,000 crore on research activities over a five year period. (Ramesh Pathania/Mint)

Indian Institute of Technology in Delhi (IIT-Delhi) has stepped up an effort to garner $1 billion dollar over the next six years as endowments from industry and alumni including Sachin Bansal. The endowment fund will be announced on 31 October, two days ahead of its Golden Jubilee convocation ceremony on 2 November.

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