Tuesday, October 28, 2008
Tata's Gift To Cornell
Ratan Naval Tata , one of Cornell's most eminent alumni, is chairman of Tata Sons, the holding company of the Tata Group. Tata was named one of the 30 most respected CEOs in the world by Barron's magazine last year, and the Tata Group was awarded the Carnegie Medal of Philanthropy in 2007.Tata has given $50 million to Cornell University for educational development.
The endowment consists of $25 million to establish the Tata-Cornell Initiative in Agriculture and Nutrition, which will contribute to advances in nutrition and agriculture for India; and $25 million for the Tata Scholarship Fund for Students from India, to help attract more of the best and brightest students to Cornell from India.
Tata’s are known for corporate governance and running business with values and ethics, they are the pioneers in the Iron and Steel ,Automobile in India.Their recent project is on people’s car Nano which will cost around Rs 120000( US $ 2,400) which will be getting launched on 28th December 2008 on RNT’s birthday,