IIT Bhubaneswar gets the largest endowment for a chair professorship in India?
Following is an excerpt from a report in Pioneer.
The State-based MGM Group, which is one of the oldest mines operators and setting up an integrated steel plant in Dhenkanal district, has upgraded its Memorandum of Understanding (MoU) signed with the city-based Indian Institute of Technology in July last year, for establishing a chair professor of Eminence for five years to MGM chair professor on a permanent basis.
The revised MoU was signed here on Monday between director of IIT Bhubaneswar Prof M Chakraborty and MGM group chairman Dr RL Mohanty for establishing the MGM chair professor in Minerals, Metallurgical and Materials Engineering in the IIT on a permanent basis. For the purpose, the MGM group has agreed to raise the corpus of `1.5 crore promised earlier to `3 crore. It is the largest endowment for a chair professorship in India.
January 28th, 2011