Indian American IIT Kanpur alum donates $2.5M for setting up medical school

New York: The Micky and Vinita Pant Charitable Fund, founded by IIT Kanpur alumnus Muktesh Pant and his wife Vinita, on Saturday announced the signing of an MoU with his alma mater to support the establishment of the School of Medical Research and Technology (SMRT). The MoU, amounting to $2.5 million, is the first such donation towards the development of the educational institute, according to a press release.
“The vision of a world-class medical school at IIT Kanpur is extremely exciting. The current team, under the able leadership of Professor (Abhay) Karandikar, inspires great confidence,” Pant said after signing the MoU. “IIT Kanpur has always been renowned for leading the way in engineering education and this focus on bringing engineering excellence to medical technology has the potential to create many healthcare miracles in future. Vinita and I are delighted to be able to help in starting this exciting new chapter.” Pant — also known as Micky — is an Indian American alumnus of IIT Kanpur, where he received a B.Tech degree in chemical engineering in 1976.

According to the press release, SMRT is an initiative by IIT Kanpur that aims to revolutionize medical education in India by bridging the gap between medical and technology disciplines. The first phase of the project would include setting up of various Centers of Excellence (CoE) oriented towards cutting-edge medical research and innovation along with a 500-bed super-specialty hospital.

The CoE are expected to work in confluence with the core clinical departments of the hospital and biomedical expertise of various engineering departments of IIT Kanpur. Additionally, SMRT will also contribute towards meeting the healthcare needs of the underserved population in Kanpur as well as provide benefits pan-India.

In a career spanning over 35 years, Pant has held various senior positions in premier multinational companies such as Hindustan Unilever, PepsiCo, Reebok and Yum Brands. He is widely acclaimed for the phenomenal growth of Yum Brands’ flagship labels such as KFC, Pizza Hut and Taco Bell in international markets including the UK, USA, China and India. According to his profile on the IIT-K alumni page, the 65-year-old is known for his success in managing companies through social awareness, human understanding and human relationships. 

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