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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9981)	12/9/1999 2:16:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

India offered $1 bln fund to raise tech learning Thursday December 9, 2:06 pm Eastern Time NEW DELHI, Dec 9 (Reuters) - Members of a U.S. group of information technology professionals of Indian origin, The Indus Entrepreneurs (TIE), have offered to create a billion dollar fund to help Indian educational institutions achieve higher standards, a software trade association said on Thursday. ``...they have offered to create a fund of $1 billion in the next five years...,' a statement from the National Association of Software and Service Companies (NASSCOM) quoted its President Dewang Mehta as saying. The fund will be used to raise the level of the Indian Institutes of Technology to make them comparable to world-class institutes like MIT (Massachusetts Institute of Technology) and Stanford University, he said. The TIE delegation made the offer at a meeting with Prime Minister Atal Behari Vajpayee, the NASSCOM statement said. ``The prime minister appreciated the offer,' Mehta was quoted as saying. There are five Indian Institutes of Technology, which have produced thousands of software professionals and engineers, many of whom have been extremely successful in California, particularly in the Silicon Valley. Guru ``Desh' Deshpande, founder of Sycamore Networks Inc (NasdaqNM:SCMR - news); B.V. Jagdeesh, chief technology officer of Exodus Communications (NasdaqNM:EXDS - news); and Kanwal Rekhi, a former chief technology officer of Novell Inc (NasdaqNM:NOVL - news), are some of the high-profile members of TIE. Mehta told Reuters that Jagdeesh, Rekhi, Cirrus Logic (NasdaqNM:CRUS - news) founder Suhas Patil and bio-technologist Prithipal Singh were part of the delegation which called on Vajpayee. biz.yahoo.com