In order to commemorate the 1991 Silver Jubilee and express
their gratitude towards the institute, the 1991 batch of IIT Bombay promised to
give Rs 8 crore for the legacy project at the alumni day 2016.
The batch of IIT had set up the legacy project so that the
institute as well as all the stakeholders associated with it could be benefitted.
Speculations are rife that the funds will come in useful for
a number of projects and will be utilized for the welfare of its students such
as counseling for students, giving scholarship to students who are deserving, and
enhancing the hostel facilities.
"IIT Bombay alumni have made significant contributions
towards the growth of the Institute. Our aspiration is to see IIT Bombay among
the top ranks of technical universities in the world. We need continued support
from our alumni to realize this dream," Pramod Chaudhari, Executive
Chairman of Praj Industries commented.
Chaudhari, after signing a Memorandum of Understanding, credited
the institute for all his achievements so far.
Chaudhari told a leading English daily, "IIT Bombay is
largely responsible for what I am today and what I have achieved. I have
learned my early lessons of engineering and entrepreneurship at IITB. I am
happy to collaborate with my alma mater to set-up this Learning and Teaching
Centre that is aimed at fostering innovation, evidence-based practices and
collaboration among students.”