Infosys Foundation Sets Up Rs 56 Crore Fund To Promote Research
20 November, New Delhi
Infosys Foundation today said it has instituted 11 faculty chairs at eight leading academic institutes across India over the past 12 months with a total commitment of Rs 56 crore.
”The foundation has provided grants ranging from Rs 2 crore to Rs 33 crore for setting up the chairs with a total commitment of INR 56 crore. The donated funds will be used for research in areas such as obstetrics & gynecology, agriculture, economics, mathematics, technology, biology, rural development and cancer,” the IT giant said in a statement.
The beneficiaries will be International Institute for Information Technology – Bangalore (IIIT-B), Indian Institute of Science (IISc), Institute of Bioinformatics and Applied Biotechnology (IBAB), Chennai Mathematical Institute (CMI), Indian Council for Research on International EconomicRelations (ICRIER), Presidency University, All India Institute of Medical Science (AIIMS) and Indian Institute of Management – Ahmedabad (IIM-A).
The faculty chairs, also referred to as the Infosys Chairs, will promote research, provide advanced training, support student and faculty exchange programs in India and abroad. Along with these, the funds donated will be used to offer travel fellowships for conferences and inviting internationally renowned professors to India for academic pursuits.
A part of the fund will also be utilized for research to identify and discover new drugs, and to develop policies to boost growth in agriculture, value chains and food security.