IIT alumni form platform to encourage entrepreneurs
By agencies   |   Tuesday, 01 August 2006, 19:30 IST
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MUMBAI: Eminent alumni of the Indian Institutes of Technology have formed a platform to encourage budding entrepreneurs in India and develop programs that could benefit the Indian economy. There are more than 175,000 graduates out of the six IITs, of which 35,000 graduates are in the U.S. To be formed on the lines of The Indus Entrepreneurs (TiE), pan IIT currently has McKinsey senior partner Rajat Gupta, Tata Motors MD, Ravi Kant, Tata Group telecom advisor, SK Gupta, and Mastek chairman Ashank Desai, also the chairman of pan IIT, as its founding members. “The objective is to go beyond building another IIT and to see how we can contribute to building the nation, as a collective force,” Gupta, explained to the reporters announcing the details of the IIT Alumni Global Conference. The function is scheduled in Mumbai on December 23-25. Pan IIT will, however, not involve itself in any transactional relationship such as funding of entrepreneurial businesses, said Gupta. Kant said that pan IIT was looking at this as an initiative of taking up corporate social responsibility.

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