In a significant boost to academic research and development in India, Mukesh Ambani, Chairman of Reliance Industries, announced an unconditional grant of Rs 151 crore to the Institute of Chemical Technology (ICT), Mumbai. This generous contribution is expected to further cement ICT Mumbai’s reputation as a premier institution for chemical technology and research.
The grant, Ambani stated, reflects Reliance Industries’ commitment to fostering innovation, education, and research excellence in the country. “We believe in empowering institutions that drive scientific progress and nurture talent. ICT Mumbai has been at the forefront of chemical technology research, and we are confident this grant will help propel its mission further,” Ambani said.
Established in 1933, ICT Mumbai is renowned for its contributions to chemical engineering, pharmaceutical sciences, and other interdisciplinary fields. The institution has produced some of India’s most esteemed scientists and industrialists and maintains strong ties with various industries, facilitating cutting-edge research and practical applications.
The Rs 151 crore grant is one of the largest ever received by ICT Mumbai and will be utilized to support various initiatives, including research projects, faculty development, and infrastructure enhancement. According to sources within the institution, the grant will enable ICT Mumbai to expand its research capabilities, attract top talent, and collaborate with industry leaders on innovative projects.
This announcement comes at a time when India is focusing on becoming a hub for research and development, with significant investments in science and technology. Ambani’s grant is seen as a strategic move to support this vision, leveraging ICT Mumbai’s expertise to drive advancements in chemical technology and related fields.
ICT Mumbai’s Vice-Chancellor expressed gratitude for Ambani’s contribution, highlighting its potential to elevate the institution’s research output and educational programs. “This grant is a testament to Reliance Industries’ vision for India’s future. It will enable us to pursue ambitious research projects, enhance our facilities, and provide our students and faculty with the resources they need to excel,” the Vice-Chancellor said.
Reliance Industries has been a longstanding supporter of educational initiatives in India, with various philanthropic efforts aimed at promoting scientific research, education, and community development. This grant aligns with the company’s broader strategy to contribute to nation-building through strategic investments in human capital and innovation.
The academic community and industry stakeholders have welcomed Ambani’s announcement, noting its potential to spur innovation and collaboration between academia and industry. As India continues to invest in its scientific and educational infrastructure, contributions like this are expected to play a pivotal role in shaping the country’s research landscape.
With this landmark grant, ICT Mumbai is poised to further its impact on the global stage, fostering innovation and producing the next generation of leaders in chemical technology and beyond.
