Marking a new era of partnerships between industry and academia, Carnegie Mellon University (CMU) said that it has received a $35 million (about Rs 231.2 crore) gift from Tata Consultancy Services (TCS).
The donation will fund for setting up a new facility and scholarships for students, said TCS statement.
CMU will avail the fund for starting a new facility, the Tata Consultancy Services Building, which will support education and cutting-edge research by the university.
The facility, to be built on an area of 40,000 square feet, will provide collaborative spaces for the CMU community and help TCS staff to interact with the faculty, staff and students. The university stated that the TCS donation will be the largest corporate gift and the largest gift from outside the US.
“With our shared commitment to education and research in areas that help address many challenges of our time, TCS’ support of Carnegie Mellon is both natural and extraordinarily promising,” Carnegie Mellon President Subra Suresh said.
TCS joins a growing group of major technology companies moving to the Pittsburgh region in recent years. More than 350 companies now have partnerships with CMU.
“TCS is proud to invest in this landmark partnership with CMU to promote market-driven innovation and accelerate advancements in technology,” TCS CEO and MD Natarajan Chandrasekaran said.