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Mukesh Ambani donates Rs 151 crore to his alma mater ICT
The Reliance chairman spent over three hours at Mumbai-based ICT – formerly the University Department of Chemical Technology (UDCT) – during a function to launch Professor MM Sharma's biography, 'Divine Scientist' read more
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, on Friday (June 6) announced an unconditional grant of Rs 151 crore to the Institute of Chemical Technology (ICT), his alma mater from the 1970s.
The Reliance chairman spent over three hours at Mumbai-based ICT – formerly the University Department of Chemical Technology (UDCT) – during a function to launch Professor MM Sharma's biography, 'Divine Scientist'.
He reminisced about his first lecture at UDCT by Professor Sharma, which greatly inspired him.
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'I realised he is an alchemist, not of metals, but minds: he has the power to transform curiosity into knowledge, knowledge into commercial value, and both knowledge and commercial value into everlasting wisdom,' he said.
He highlighted how Professor Sharma quietly influenced India's economic reforms by convincing policymakers that the key to India's growth was freeing the industry from the license-permit-raj. This would enable Indian companies to scale up, reduce import dependence, and compete globally.
'Like my father, Dhirubhai Ambani, he had a burning desire to transform Indian industry from scarcity to global leadership,' said Ambani. He added, 'These two visionary leaders believed that science and technology, combined with private entrepreneurship, would lead to prosperity.'
Acknowledging Professor Sharma's contributions to the rise of the Indian chemical industry, Ambani referred to him as 'a Rashtra Guru – a Guru of Bharat'.
While discussing 'Guru Dakshina', Ambani announced the unconditional grant of Rs 151 crore to ICT, following Professor Sharma's guidance.
'When he tells us something, we just listen. We don't think. He told me, 'Mukesh, you have to do something big for ICT,' and I am very pleased to announce this grant for Professor Sharma,' said the Reliance chairman.
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