Reliance Industries Chairman and Managing Director, Mukesh Ambani, has announced an unconditional grant of Rs 151 crore to the Institute of Chemical Technology (ICT), Mumbai, his alma mater from the 1970s.
On Friday, Ambani spent over three hours at the institute, formerly known as the University Department of Chemical Technology (UDCT), attending an event to unveil Divine Scientist, the biography of Professor MM Sharma.
When speaking of ‘Guru Dakshina’, Ambani announced the unconditional grant of Rs 151 crore to ICT according to the instructions of Prof. Sharma.
Why Didn’t Mukesh Ambani Choose IIT-Bombay?
Ambani said, “Coming to the UDCT campus always feels like visiting a sacred temple. Professor Sharma, I honor you as my most respected teacher, my guide, and a source of inspiration.”
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Praising Patil, he added, “Writing about the life of a great personality like Sharma is an immensely challenging task.”
Talking about his decision, Ambani said, “I chose UDCT over IIT-Bombay.” He shared that his decision became firm after attending Sharma’s first lecture. “I realized he was an alchemist not of metals, but of minds. He possesses the ability to transform curiosity into knowledge, knowledge into commercial value, and both knowledge and commercial value into everlasting wisdom.”
Ambani credited Professor Sharma for the growth of India’s chemical industry and referred to him as the ‘National Guru.’
Prof. Sharma impressed upon the policymakers that the only way for India to grow was to unshackle Indian industry from license-permit-raj which will allow Indian players to build scale, reduce dependence on imports and compete globally.
“Like my father Dhirubhai Ambani, he had a burning desire to change Indian industry from scarcity to global leadership,” said Ambani.
He further added, “These two bold visionaries believed that science and technology, in alliance with private entrepreneurship, would open the floodgates of prosperity.”
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