IIT Kanpur receives 100 Crores contribution from Rakesh Gangwal, IndiGo co-founder, towards establishment of IIT Kanpur’s School of Medical Sciences and Technology

~ An Agreement has been inked between IIT Kanpur and Rakesh Gangwal ~

~ The proposed School is to be named “Gangwal School of Medical Sciences and Technology” ~

Mumbai, April 4, 2022: IIT Kanpur and its distinguished alumnus Rakesh Gangwal (co-founder of IndiGo airlines) have inked an agreement to work together for establishing the School of Medical Sciences and Technology on the IIT Kanpur campus. Gangwal, signed an agreement with IIT Kanpur on April 4, 2022 to support the ambitious project. Under this agreement, Gangwal will be donating INR 100 Crores to support the establishment of the school.

This School is envisioned in line with IIT Kanpur’s endeavor to bring about a paradigm shift by merging medical research and technological innovations in the country. It is expected to build academic and research leadership in the clinical research and MedTech domains. IIT Kanpur will converge its technology and innovation competencies with medical sciences to catapult the institute into the league of global institutions. This will be achieved through the Centers of Excellence (CoE) on futuristic medicine and a Super-specialty Hospital.

The agreement was signed between Prof. Abhay Karandikar, Director, IIT Kanpur, and Mr. Rakesh Gangwal, in the presence of representatives from both the sides and other invitees. The proposed School will be named as “Gangwal School of Medical Sciences and Technology”. Gangwal will also be joining the advisory Board of the School.

Prof Abhay Karandikar, Director IIT Kanpur said, “We are extremely grateful for the generous contribution of Mr. Rakesh Gangwal. The proposed medical school will play an important role in driving IIT Kanpur’s innovations in medical research and technology and catapult India into to the global league of institutions that are converging medical sciences and technology to benefit humankind.”

Rakesh Gangwal said, “It is a privilege to be associated with such a noble endeavor with my alma mater. I am proud to see the institution that has produced thousands of leaders across various sectors, is now paving the way in the healthcare sector. More than ever, healthcare is intertwined with technological advances and this School will accelerate innovation in healthcare.”

The Gangwal School of Medical Sciences and Technology will be completed in two phases. Phase I of the project will include setting up a 500-bed Super-Specialty Hospital, Academic Block, Residential/Hostel, and Service Block with a total built-up area of approximately 8,10,000 sq ft. Phase I will also include setting up Centers of Excellence (CoE) for pursuing R&D activities in futuristic medicine. This phase is tentatively planned to be completed over the next 3-5 years. The Phase II of the project will see the hospital capacity grow to 1000 beds, expansion in clinical departments/centers, research areas, the inclusion of paramedical disciplines, alternative medicine, hospital management, sports medicine, and public health programs. The Phase II is planned to be completed over a period of 7-10 years. 

ABOUT IIT KANPUR: Indian Institute of Technology Kanpur, is one of the premier institutions set up by the Government of India. Registered in 1959, the institute was assisted by nine leading institutions of the U.S.A in the setting up of its academic programs and laboratories during the period 1962-72. With its record of path-breaking innovations and cutting-edge research, the institute is known the world over as a learning center of repute in engineering, science, and several interdisciplinary areas. In addition to formal undergraduate and postgraduate courses, the institute has been active in research and development in areas of value to both industry and government. For more information, visit www.iitk.ac.in.