Hyderabad: Yash Birla Group, the Indian business conglomerate, announced the signing of pact with PanIIT Alumni India to jointly explore opportunities of association towards innovative projects of mass benefit especially in the field of education, healthcare and renewable energy.
PanIIT Alumni is a 200,000 strong alumni body of Indian Institute of Technology with a worldwide presence.
This pact is first of its kind between the PanIIT Alumni body and a corporate house that aims to provide an avenue for joint partnerships on projects of mutual interests.
Present at the conference were Mr. Yash Birla (Chairman, Yash Birla Group); Mr. Ashank Desai (Chairman, PanIIT India & Chairman, Mastek Ltd.); Mr. Srikrishna (CEO, Birla Edutech Ltd.); Ms. Rosemary Fernandes (Outreach Chair, PanIIT & CEO, Phoenix Rose LLC) and Mr. Ashok Kalbag (Secretary General, PanIIT India).
The contribution of IITs to the growth and economy of the country has been widely acknowledged. A recent study highlighted that 62% of IIT-ians are in India and around 23% are in academics & research while 13% are entrepreneurs. The PanIIT Alumni body recently presented a vision document, “Panch Ratnas”, a five-point plan, to the Government of India and aims to promote educational reform in India by transforming India into a global hub for knowledge creation. Drawing inspiration from this document, the two entities have come together to establish an active Industry-Academia interface that will encourage and support entrepreneurs and researchers.
The Yash Birla Group has announced creation of an internal fund dedicated to projects initiated by the IIT alumni.
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