(Image source from: Indian Billgates)

Steel Tycoon Lakshmi Mittal Donates USD 25 Million To Harvard Univ:- With an aim to increase engagement with India and other South Asian countries, a whopping amount of USD 25 million was donated by the Steel tycoon, Lakshmi Mittal (67) to Harvard university. Mittal is the chairman and CEO of ArcelorMittal, the world’s largest steel company.

An endowed fund for the South Asia Institute at the university will be established by the donation. The university said in a statement that it spearheads India, Afghanistan, Bangladesh, Bhutan, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka as well as diaspora populations from these countries. Harvard’s South Asia Institute would be called as Lakshmi Mittal South Asia Institute at Harvard University, as a result of the endowment from the Mittal Foundation.

Under the leadership of its current faculty director, Indian-American Tarun Khanna, the Jorge Paulo Lemann Professor at Harvard Business School, the South Asia Initiative became a University-wide interdisciplinary institute in 2010. The initiative was founded in 2003.

“We are so grateful for the Mittal family’s support and what it will enable us to learn and share - across the sciences, social sciences, and the humanities - and the many people and institutions it will allow us to engage,” said Khanna.

“International centers like the South Asia Institute at Harvard University serve as a vital conduit between the University and the world we study,” said Harvard President Drew Faust. “The generous support from the Mittal family is a testament to both the important work being done by this community of scholars and students and the continuing impact it will have in the region,” Faust added.

Since the very first civilizations, a dynamic and influential role in the development of our world has been played by South Asia, said Mr. Mittal.

“Ensuring that we fully understand its history and unique dynamics is a critical enabler in helping to shape a successful future,” he added. “As someone who was born in India, the long-term prosperity of India and its neighboring countries “matters a great deal to me and my family,” Mittal told Harvard Gazette in an interview. “Harvard is one of the world’s greatest learning institutions, with a unique ability to facilitate dialogue and drive thinking and progress,” he said.

The university said that as a means of positioning the country - and the region - for future success, the Mittal family has long supported educational endeavors and public policy development in India.

SUPRAJA