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October 31, 2019
President of India Launches Endowment Fund of Indian Institute of Technology Delhi
Photo: The President, Ram Nath Kovind, launching the Endowment Fund of Indian Institute Technology Delhi, at Rashtrapati Bhavan, in New Delhi on October 31, 2019.
New Delhi, October 31, 2019 - The President of India, Ram Nath Kovind, launched the Endowment Fund of Indian Institute Technology Delhi at Rashtrapati Bhavan today (October 31, 2019).
The President said that endowments globally have become integral to the financial health of educational institutions over time. While we are still far from the size and importance of endowment funds of Institutions such as Harvard, Yale, or Columbia, it is the right first step in this direction. By giving through endowments, alumni are not just giving to their institution, but they are also supporting and nurturing future generations of learners.
The President said that the best way to honor a gift is to make the best use of it. In the latest QS World University ranking 2020, IIT Delhi was ranked at 182. There is a lot of scope for improvement if it aims to be one of the top institutes in the world. It needs to increase the number of faculty, particularly faculty with international experience. Additionally, it needs to upgrade its infrastructure to ensure its campus, course content, and research facilities are entirely world-class. He expressed the hope that the institute will make use of the valuable contribution from the alumni to bring changes in these areas.
The President said that throughout history, our educational institutes had been the beacons of our culture. We have a tradition of universities enriching lives and showing the way for the people in society.
|GlobalGiants.Com|
Delighted to launch the endowment fund of IIT Delhi.
— President of India (@rashtrapatibhvn) October 31, 2019
Confident that this will act as catalyst for other institutions across the country to launch similar initiatives.
My best wishes to @IITDelhi and its alumni for taking this pioneering initiative in the country. pic.twitter.com/zaIEtRvfvV
Edited & Posted by the Editor | 1:39 PM | Link to this Post
