IIT-ISM gets grant of Rs 10 Cr on its Foundation Day for research

| | Dhanbad
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IIT-ISM gets grant of Rs 10 Cr on its Foundation Day for research

Saturday, 10 December 2022 | Pankaj Kumar | Dhanbad

IIT-ISM received a grant in aid of Rs 10 crore on its 97th Foundation  Day for research work. Naresh K. Vashisht, a 1967  batch alumni of  IIT -ISMand President, Omimex Group, USA,announced the grant to the institute  for setting up a Hydrogen and Carbon (CO2) Capture and Sequestration Centre.

It's worth mentioning that an innovation hub titled, Naresh Vashisht Centre for Tinkering and Innovation set up with a fund of Rs 8 Crore provided by him in 2020 is already operational in IIT (ISM) and promoting, tinkering and innovation among students, scholars. The Hydrogen and Carbon Capture and  Sequestration Centre will be the  second centre established with the help of Mr Vashisht.

Delivering an online  Foundation Day lecture on the 97th Foundation Day of   institute today  from Texas (USA)  he   said, “Students are the biggest assets of any institute as they act as brand ambassadors of the institute”.

He said, India is in a unique position with and only bright spot for the world in the present scenario and further called upon the students to carry out research on areas like, which have several industrial applications.

The day also witnessed the announcement of funds by different alumni and alumni chapters of IIT -ISM. The Kolkata Chapter of IIT (ISM) Alumni Association announced a fund of Rs one crore to institute  over the next three years till the Centenary Year Celebration scheduled in phase wise manner beginning today during which they handed over a cheque Rs 30 lakh.

A MoU exchange for Endowment Fund and launching of two online portals also took place during the occasion.

In an MoU exchange with Prof S.P. Banerjee, Former Director, IIT -ISM and  Prof R.M. Bhattarjee, Dean (International Relations & Alumni Affairs), IIT (ISM)also took part for the Endowment Fund. Prof Banerjee provided Rs 5 Lakh while Prof Bhattacharjee contributed Rs 1 lakh.

Prof Rajiv Shekhar Director, IIT (ISM) who presided over the function while addressing the gathering. Several awards were given away on the foundation  day to research scholars, students and teachers.

A campus tour for school students was also organized as part of the Foundation Day during which more than 200 students of different schools of Dhanbad visited different facilities of the Institute including the CRE, CRS and Central Library.

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