President launches IIT-Delhi endowment fund

President launches IIT-Delhi endowment fund

Agency News

New Delhi, Oct 31: President Ram Nath Kovind on Thursday launched Endowment Fund of Indian Institute of Technology here.

He said endowments globally had 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 steps 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.

The President said the best way to honour 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 completely world class,” he added. (UNI)