IndiGo co-founder Rakesh Gangwal commits ₹300 crore more to IIT Kanpur medical school

Mumbai: IndiGo Co-founder and IIT Kanpur alumnus Rakesh Gangwal has committed an additional funding of Rs 300 crore to his alma mater for the further development of the Gangwal School of Medical Sciences and Technology at the institute premises, a statement said on Monday.Rakesh Gangwal, co-founder of IndiGo Airlines and an alumnus of IITKanpur, has pledged ₹300 crore towards the upcoming Gangwal School of Medical Sciences at IIT Kanpur This follows his earlier ₹100 crore contribution in 2022. pic.twitter.com/sT7DVys6BT— Kanpur Index (@TheKanpurIndex) August 24, 2026 This follows his contribution of Rs 100 crore in 2022, which supported the Institute's plans to establish a medical school on campus, taking his cumulative contribution towards the Gangwal School to Rs 400 crore, it said.With this commitment, Gangwal will provide matching grants of up to Rs 300 crore against contributions from other supporters towards the development of the school.Chhattisgarh Paper Leak Row: IGKV Cancels BSc Agriculture Plant Pathology Exam After Leak Confirmed, Fresh Test Set For September "It is an honour and a privilege to be part of this innovative and first-of-its-kind medical institution," Gangwal was quoted as saying in the statement.The school's development plans also include a 500-bed super-speciality hospital on the IIT Kanpur campus, along with a proposed 200-bed cancer care research centre.The facilities are envisioned to support medical education, clinical research and healthcare delivery, while creating opportunities for doctors, researchers, engineers and technology experts to work together on emerging healthcare challenges.Meeting The Demand Side Of Employment: Biggest Challenge Before Supply Side Of Education Recognising the potential of interdisciplinary research and innovation in engineering technology and medicine to transform healthcare delivery across India, particularly in UP, IIT Kanpur ventured into establishing a medical school, according to Manindra Agrawal, Director, IIT Kanpur, expressing his gratitude.Gangwal's contribution of Rs 100 crore in 2022 greatly helped the Institute set the plans in motion, he said, adding,"This additional contribution of Rs 300 crore by Gangwal will help us bring this vision into reality sooner." The Gangwal School of Medical Sciences and Technology brings together IIT Kanpur's strengths in engineering, science and technology with medical sciences, focusing on advanced academic programmes, interdisciplinary research, futuristic medicine and MedTech innovation, it said. (Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

The latest commitment will support IIT Kanpur’s plans to build advanced medical education, healthcare and research facilities on its campus