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Lakshmi Mittal donates $25 million to establish Harvard endowment

The Harvard Gazette, the official news outlet for the University, carried news of the development on Wednesday (October 11, 2017).

, ET Bureau|
Oct 12, 2017, 04.11 PM IST
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Founded in 2003, the South Asia Initiative became a University-wide interdisciplinary institute in 2010 under the leadership of its current faculty director, Tarun Khanna.
Founded in 2003, the South Asia Initiative became a University-wide interdisciplinary institute in 2010 under the leadership of its current faculty director, Tarun Khanna.
Global steel tycoon Lakshmi Narayan Mittal and his family have donated $25 million to establish an endowment at Harvard University's South Asia Institute. The institute will now be renamed Lakshmi Mittal South Asia Institute in recognition of the Mittal Foundation donation.

The institute, which spearheads Harvard’s engagement with South Asia countries including Afghanistan, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka, and the wider South Asian diaspora, has a 250-strong faculty.

The Harvard Gazette, the official news outlet for the University, carried news of the development on Wednesday (October 11, 2017).

“As someone who was born in India, the long-term prosperity of India and its neighboring countries matters a great deal to me and my family,” the article quoted Lakshmi Mittal, chairman and CEO of ArcelorMittal, the world’s largest steel company as saying. “Harvard is one of the world’s greatest learning institutions, with a unique ability to facilitate dialogue and drive thinking and progress,” Mittal added.

“The generous support from the Mittal family is a testament to both the important work being done by this community of scholars and students and the continuing impact it will have in the region,” Harvard President Drew Faust said commenting on the development.

Founded in 2003, the South Asia Initiative became a University-wide interdisciplinary institute in 2010 under the leadership of its current faculty director, Tarun Khanna, the Jorge Paulo Lemann Professor at Harvard Business School.

The institute’s faculty belongs to a variety of disciplines across Harvard and peer institutions and it provides annual funding for more than 50 students to participate in research, internships, and immersive language study, supports postdoctoral fellowships, hosts visiting artists at Harvard. It also sponsors lectures, conferences, and leadership training in the region and on campus and works with government, academic, and civil society organizations in-region, especially through its local offices in India and Pakistan. It complements the 143 South Asia-related courses taught at Harvard this year.

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