06 April 2022 | News
IndiGo co-founder Rakesh Gangwal donates Rs 100 Cr
The Indian Institute of Technology Kanpur (IIT-K) and its distinguished alumnus Rakesh Gangwal (co-founder of IndiGo airlines) have inked an agreement to work together for establishing the School of Medical Sciences and Technology on the IIT Kanpur campus.
Gangwal has signed an agreement with IIT Kanpur to support the ambitious project. Under this agreement, Gangwal will be donating Rs 100 crores to support the establishment of the school.
The school is expected to build academic and research leadership in the clinical research and MedTech domains. IIT Kanpur will converge its technology and innovation competencies with medical sciences to catapult the institute into the league of global institutions. This will be achieved through the Centers of Excellence (CoE) on futuristic medicine and a Super-specialty Hospital.
The agreement was signed between Prof Abhay Karandikar, Director, IIT Kanpur and Rakesh Gangwal. The proposed School will be named as “Gangwal School of Medical Sciences and Technology”. Gangwal will also be joining the advisory Board of the School.
The Gangwal School of Medical Sciences and Technology will be completed in two phases. Phase I of the project will include setting up a 500-bed super-speciality hospital, academic block, residential/hostel, and service block with a total built-up area of approximately 8,10,000 sq ft. Phase I will also include setting up Centers of Excellence (CoE) for pursuing R&D activities in futuristic medicine. This phase is tentatively planned to be completed over the next three to five years. The Phase II of the project will see the hospital capacity grow to 1000 beds, expand in clinical departments/centres, research areas, the inclusion of paramedical disciplines, alternative medicine, hospital management, sports medicine, and public health programs. Phase II is planned to be completed over 7-10 years.