The IIT (BHU) Foundation has received a significant $1.6 million donation from alumnus Mr. Dev Goswami, a 1974 Mechanical Engineering graduate and Executive Chairman of IPS LLC, a Berkshire Hathaway company. This generous contribution, made alongside his wife, Dr. Vardhana Goswami, marks a major milestone for the Foundation, pushing its total donations since inception beyond $10 million. The gift is a key development in the Foundation’s mission to advance the future of IIT (BHU), Varanasi.
The $1.6 million donation will support the construction of a new Lecture Hall Complex, a modern academic facility aimed at serving the needs of undergraduate, postgraduate, and doctoral students. Designed to accommodate 1,850 students, the three-story complex will be equipped with smart boards, advanced acoustics, ergonomic seating, high-speed Wi-Fi, and group study areas, along with features that support inclusivity and collaboration. The complex aims to foster an enhanced academic environment conducive to interdisciplinary learning and innovation.
Mr. Goswami’s successful career in the pharmaceutical and life sciences sector reflects the global impact of IIT (BHU) alumni. His philanthropic support demonstrates his commitment to giving back to the institution that played a key role in shaping his journey. His vision for the Lecture Hall Complex is to create a vibrant space that encourages learning, interaction, networking, and collaboration—empowering the next generation of technology and business leaders.
This milestone gift highlights the growing momentum of the Foundation’s efforts, fueled by a strong network of alumni and supporters committed to strengthening one of India’s most prestigious engineering institutions. The success of the Foundation’s fundraising initiatives reflects the enduring legacy and future potential of IIT (BHU).
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