Jindal Aluminium to donate Rs 100 Crore for setup of Bangalore School of Economics

Jindal Aluminium to donate Rs 100 Crore for setup of Bangalore School of EconomicsJindal Aluminium Ltd has decided to contribute Rs. 100 crore to the University of Bangalore for setting up the planned, Bangalore School of Economics (BSE), according to University Vice-Chancellor N. Prabhu Dev.

Dr. Prabhu Dev said that the amount will be used to create an international campus including a hostel with international standards as well as international faculty.

“The core study group chaired by me and the co-chairman T. V. Mohandas Pai has prepared the draft. Jindal Aluminium Managing Director S. R. Jindal was impressed with our proposal and decided to contribute Rs. 100 crore,” he said.

One of the conditions for the donation was that the school is to be named Dr. Sitaram Jindal School of Economics and the university has agreed. The company also required the new school to be an autonomous body on the pattern of the London School of Economics or the Indian School of Business, Hyderabad.

Dr. Prabhu Dev said that initially the school will work in a way some of the autonomous colleges work under the university and later it will be made a deemed university. The University will provide the land on the Jnana Bharathi campus for construction of the new academic building for the school. The project is expected to take about five years to be completed.