IIT-B alumni woo faculty with Rs. 1 crore

Mumbai: On Sunday, the class of 1983 joined its seniors in supporting the IIT-Bombay’s efforts in attracting faculty members. The 1983 raised more than Rs 1.1 crore that will allow the institute to attract talent by paying a premium.

The initiative, Gurudakshina, builds upon the ‘Legacy Project’ launched by the 1982 batch and extends it to a broader activity focused on faculty recruitment and retention.

Already, the class of ’82 has pledged Rs 6 crore to address faculty compensation. Under the ‘Legacy Project’, the institute will be able to offer an annual amount of Rs 1 lakh for three years to every associate professor joining IIT-B.

Girish Gaitonde from the 1983 batch said, “Gurudakshina will also fund a reward and recognition programme for faculty members achieving significant education milestones.’’ TNN