Decision Sciences and Engineering: An alumnus of IIT(BHU) Naresh C Jain donated Rs 5 crore to his alma mater for the development of IIT (BHU)’s new School of Decision Sciences and Engineering.
The IIT (BHU) Foundation, a US-based non-profit association of IIT (BHU) alumni, on Thursday, announced that the donation received from Jain, also the foundation’s chairman, will be used for development of School of Decision Sciences and Engineering.
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According to the Indian Institute of Technology Banaras Hindu University ((IIT (BHU)) authorities, the Naresh C Jain School of Decision Sciences and Engineering will offer a Master of Technology and a PhD program in Decision Sciences and Engineering with emphasis on practical learning and applied research. The focus will be on four research areas -logistics and supply chain management, manufacturing systems engineering, healthcare systems management and agribusiness management. This new school will be closer to achieving its objectives of engaging in cutting-edge research in the areas of technology and management of Decision Sciences and Engineering including organizing national and international seminars, establishing state-of-art laboratories, and much more.
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IIT(BHU) alumnus Naresh C. Jain, prolific philanthropist and founder of Diamond Express Car Wash, Inc. has donated INR 5 Cr to the IIT(BHU) Foundation to establish infrastructure of IIT(BHU)’s new school as the Naresh C. Jain School of Decision Sciences and Engineering. pic.twitter.com/Ws73qOgj5k— IIT(BHU),Varanasi (@IITBHU_Varanasi) February 17, 2022
“There is no better education I could have received than the one I received at IIT (BHU), which was called Banaras Engineering College (BENCO) when I graduated in 1967,” said Jain, who earned his BS in Mechanical Engineering before moving to the US and entering the prestigious Master’s program at Cornell University.
“I was fortunate to get a full scholarship at BENCO which included tuition fee, room and board. I feel indebted to Indian taxpayers who paid for my education. Now I feel obligated to pay back to my alma mater. I’m confident that we will achieve our mission for the School of Decision Sciences and Engineering, which is to become a global leader in producing excellent decision makers with professional integrity and values,” he said.
The president of the IIT (BHU) Foundation, Arun Tripathi said that Naresh Jain is a long-time supporter of IIT(BHU) and would send funds to students in need at the institute even when the foundation did not exist.
“He is one of our most accomplished alumni and the binding force behind this Foundation,” Tripathi said. “With this gift, we’ve secured half of the funding we need for the infrastructure of this new school. He is demonstrating not just loyalty and support for his alma mater, but a true belief in the mission and vision of this new school and everything it will do to help leaders of the future.”
The director of IIT (BHU), Dr Pramod Kumar Jain and the Board of Governors expressed their gratitude and recognized the significance of this gift by Jain.
“With the nation’s economy developing at a rapid rate, the role and responsibility of educational institutions, particularly of the ones that are of national importance and deal with education and training in the field of engineering and technology, have been dynamically changing at an extraordinary rate,” he added.
He further said, “The Naresh C Jain School of Decision Sciences and Engineering will go a long way toward preparing engineering and technology students to successfully undertake future challenges, quite often not even known during the time of their studies, and to contribute to the growth, prosperity and happiness of the society.”
The dean (Resource and Alumni Affairs), IIT (BHU), Prof Rajeev Srivastava, also expressed his gratitude to Jain for his generous contribution to his alma mater which shall go in a long way in the development of the Institute and also motivate other alumni to contribute for advancement of their alma mater.
