IIT Madras raises $95.8m from industry, alumni as endowment fund

IIT Madras raises $95.8m from industry, alumni as endowment fund

Photo by Josh Appel on Unsplash

The Indian Institute of Technology Madras (IIT Madras) has raised 700 crore from industry and alumni as endowment corpus, against the backdrop of growing demand to garner funds from extra budgetary provision.