IIT Kanpur's Gangwal School of Medical Sciences gets Rs 300 crore more from alumnus

The Gangwal School of Medical Sciences and Technology at the Indian Institute of Technology (IIT) Kanpur will receive a financial boost, with Rakesh Gangwal, alumnus and IndiGo co-founder, announcing an additional Rs 300 crore towards its development. He confirmed the funding in a recent press release. 

This additional contribution will bring Gangwal’s total donations to the School to Rs 400 crore, including Rs 100 crore he donated in 2022. This new funding will support the continuous development of the medical school. It will also encourage alumni, philanthropists and other supporters to contribute to the project. 

Under the new commitment, against contributions made by other donors, Gangwal will give matching grants of up to Rs 300 crore, the press release said. The initiative will support the effort of building an institution with a focus on medical education, healthcare research and technology. 

Expressing his gratitude, Manindra Agrawal, director, IIT Kanpur, stated, “Recognising the potential of interdisciplinary research and innovation in engineering technology and medicine to transform healthcare delivery, particularly in Uttar Pradesh. This additional contribution of Rs 300 crore by Mr Gangwal will help us bring this vision into reality sooner. On behalf of IIT Kanpur, I extend our sincere gratitude.”

IIT Kanpur plans 500-bed hospital, cancer research centre

IIT Kanpur has plans to expand by launching a 500-bed super-speciality hospital on the campus. According to the official notifcation, a 200-bed cancer care and research centre has also been proposed. These facilities will create a common platform for doctors, researchers, engineers and technology specialists.

The initiative will also encourage collaboration between medical sciences and IIT Kanpur’s existing expertise in science, engineering and technology. Its academic and research work will focus on advanced healthcare, futuristic medicine and medical technology (MedTech).

Sharing his future vision, Anil K Lalwani, dean of Gangwal School of Medical Sciences and Technology, said, “This historic gift from Mr Gangwal, an extraordinary IIT Kanpur alumnus, is a reminder of the power of individuals to catalyse a revolution. Undoubtedly, the Gangwal School’s vision to unite medicine, technology, and innovation in the service of society will have an impact far beyond IIT Kanpur.”

Expressing his gratitude, Rakesh Gangwal said, “It is an honour and a privilege to be part of this innovative and first-of-its-kind medical institution.”