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Tata Group and IISc signed MoU to Establish Tata IISc Medical School in Bengaluru
Bengaluru: In a significant development for India's healthcare and education sectors, the Tata Group has announced a partnership with the Indian Institute of Science (IISc) to establish the Tata IISc Medical School on the IISc campus in Bengaluru. This collaboration is aimed at creating a state-of-the-art institution that merges advanced research with clinical education to transform medical training and healthcare in the country.
Tata Group will contribute Rs 500 crore
As part of this collaboration, the Tata Group has committed to a funding support of âš500 crore, as outlined in a Memorandum of Understanding (MoU) signed between the two organizations. This substantial financial assistance will be pivotal in developing the medical school’s infrastructure, research facilities, and academic programs.
The Tata IISc Medical School aims to serve as a center of excellence that promotes a distinctive approach to clinical research and medical education in India, integrating basic science and engineering with clinical science and practice. It will emphasize various specialties, including oncology, cardiology, neurology, nephrology, diabetes and metabolic disorders, infectious diseases, integrative medicine, and public health.
Providing Best clinical services in IISc Medical School
The Tata IISc Medical School plans to provide integrated MD-PhD and various dual degree programs to develop a new group of physician-scientists and medical technologists. These students will receive training concurrently in both the medical school and science and engineering laboratories at IISc, blending advanced clinical practice with scientific research. The medical school aims to create a distinctive model of clinical research and training that could be replicated across the country. It will also partner with prestigious medical schools globally to help students gain international expertise, knowledge, and best practices.
On this occasion, Mr. N Chandrasekaran, Chairman of Tata Sons, stated: “Healthcare poses one of India's largest challenges, yet it also represents one of its greatest opportunities, especially considering how technology can revolutionize aspects from diagnosis to patient care and community health. We are thrilled to announce the formation of the Tata IISc Medical School. Over time, the institute’s focus on innovative research and international collaboration will cultivate a highly skilled group of physician-scientists adept in the latest advancements in modern medicine. Their impact will be felt throughout the healthcare landscape and assist individuals in obtaining quality treatment. I am confident that the Tata IISc Medical School will significantly contribute to the health of our communities and help position India at the leading edge of the global healthcare transformation.”
“We deeply appreciate the generosity of the Tata Group,” remarked Prof G Rangarajan, Director of IISc. “Having made significant contributions to science and engineering over the past century, we now have a unique chance to explore new horizons in medicine. The Tatas and IISc share a long-standing tradition of dedication to excellence. The Institute was founded thanks to the generosity and visionary leadership of Jamshedji Nusserwanji Tata, whose philanthropic efforts in support of education in India were unmatched. We are fully dedicated to continuing this legacy and advancing affordable healthcare solutions for India and beyond.”
About The Tata Sons
Established in 1868 by Jamshedji Tata, the Tata group is a global organization based in India, consisting of 30 companies across ten sectors. The group functions in over 100 nations on six continents, with the aim 'To enhance the quality of life of the communities we serve worldwide, through sustainable stakeholder value creation grounded in Leadership with Trust’.
Tata Sons serves as the main investment holding entity and promoter of Tata companies. A majority of 66% of Tata Sons’ equity share capital is owned by charitable trusts that fund initiatives in education, health, livelihood generation, and the arts and culture.
In the fiscal year 2023-24, the combined revenue of Tata companies exceeded $165 billion. These enterprises together provide jobs for more than 1 million individuals.
Each Tata company or enterprise functions independently, overseen by its own board of directors. As of March 31, 2024, there are 26 publicly traded Tata enterprises with a total market capitalization exceeding $365 billion.
About IISc
The Indian Institute of Science (IISc) was founded in 1909 through a collaborative effort involving the industrialist Jamshedji Nusserwanji Tata, the Mysore royal family, and the Government of India. For more than 115 years, IISc has emerged as India's leading institution for advanced research and education in science and technology. Its mission is "to offer advanced education and to carry out original research across all fields of knowledge that may contribute to the material and industrial advancement of India." In 2018, IISc was recognized as an Institution of Eminence (IoE) by the Indian Government, and it consistently ranks among the top Indian institutions in global university rankings.
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