IIT-BHU alumnus donates Rs 5 crore for new School of Decision Sciences and Engineering

NEW DELHI: The Indian Institute of Technology Banaras Hindu University (IIT-BHU) Foundation, a US-based alumni association of IIT-BHU has received Rs 5 crore from Naresh C Jain, philanthropist and founder of Diamond Express Car Wash, Inc. for the new IIT-BHU School of Decision Sciences and Engineering.

The new school will be named Naresh C Jain School of Decision Sciences and Engineering. It will offer a master of technology and a PhD program in decision sciences and engineering. The school will train students in people and process management and explore research areas such as “logistics and supply chain management, manufacturing systems engineering, healthcare systems management and agribusiness management.”

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“There is no better education I could have received than the one I received at IIT (BHU), which was called Banaras Engineering College (BENCO) when I graduated in 1967. I was fortunate to get a full scholarship at BENCO which included tuition fee, room and board. I feel indebted to Indian taxpayers who paid for my education. Now I feel obligated to pay back my debt to my alma mater. I’m confident that we will achieve our mission for the School of Decision Sciences and Engineering, which is to become a global leader in producing excellent decision makers with professional integrity and values who will contribute to the progress of the society,” said Jain.

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“With the nation’s economy developing at a rapid rate, the role and responsibility of educational institutions have been dynamically changed, particularly of the ones that are of national importance and deal with education and training in the field of engineering and technology. The Naresh C Jain School of Decision Sciences and Engineering will go a long way toward preparing students to successfully undertake future challenges, and to contribute to the growth, prosperity and happiness of the society,” Pramod Kumar Jain, director of IIT-BHU said.