Tata Group Chairman Ratan Tata on Wednesday announced that it proposed to donate funds for setting up of a new discipline and a new facility at the century-old Indian Institute of Science (IISc).
Delivering the valedictory address at the centenary celebrations of the institute, which was set up on May 17, 1907, he said the funds would be in addition to the annual grant given to the institute.
He said that the group would also contribute to the premier institution's plans to expand. The institute plans to set up a new campus in Chitradurga, where the state government has allocated land.
He said that the institute must seek to reinvent and keep pace with time and the changing needs of the new century and cited the example of corporates that were taking various measures including being 'multi-tasking and multi-location.'
"The institute must seek to differentiate from others and not rest on its laurels", he said.
"I hope multi-disciplinary and multi-tasking approach in science and technology will also bring about such a change by demolishing the silos, and hierarchies in which we have been functioning", he said.
He also paid glowing tributes to IISc founder JN Tata. He said a fitting tribute to the great visionary who conceived this institution to promote higher learning would be to continue the vision by reinventing for the next 100 years.