New Delhi, May 9 -- Indian Institute of Technology (IIT), Madras raised a record funding of Rs 513 crore from its alumni, industry and individual donors during 2023-24, officials said on Wednesday.
The institute also attracted total new pledges of Rs 717 crore from alumni and corporate partners during FY 2023-24.
"The funds received would be used for technology research and development as well as for deploying technology already built by IIT Madras, in various parts of the country based on the societal needs. In addition, it is also used to support deserving students with scholarships as well as the Sports Excellence Admission programme which is also being supported from this year's philanthropic funds raised.
"Steep academic growth need...