New Delhi: The SBI has announced Rs 24 crore funding support to the Indian Institute of Science (IISc) towards building of the orthopedics wing at the new multi-specialty hospital that is coming up at the sprawling campus.
Sushmita and Subroto Bagchi and Radha and NS Parthasarathy, who were part of the founding team at IT services firm Mindtree, have donated Rs 425 crore for the project, the largest private funding in the history of the premier institution for advanced research. IISc will name the hospital Bagchi-Parthasarathy Hospital which is expected to be operational in two years.
The IISc and SBI signed an MoU on Thursday about the funding pledge in the presence of IISc director G Rangarajan and SBI chief general manager Nand Kishore. IISc Registrar Capt Sridhar Warrior and SBI general manager (network-II) Sandeep Bhatnagar, DGMs Alok Kumar Dwivedi and Murali Krishna. The country’s largest lender has sanctioned Rs 24 crore from its CSR funds. Earlier, HDFC and Axis Banks besides venture capitalist Prashanth Prakash also announced funding support to the ambitious project.
Prime Minister Narendra Modi had, in June last year, laid the foundation stone for the 832-bed multispecialty hospital along with a post-graduate medical school at the IISc campus.
The not-for-profit hospital will cater to clinical training and research activities of the academic programme. The project is in line with global examples of integrating science, engineering and medicine under a single institution.
The institute will offer an integrated dual-degree MD-PhD programme aimed at creating a new breed of physician-scientists, who will pursue careers in clinical research to develop new treatments and healthcare solutions, driven by a bench-to-bedside philosophy. They will be trained simultaneously in the hospital as well as in the science and engineering laboratories at IISc, the IISc said in an earlier statement.
The Bagchi-Parthasarathy Hospital will have advanced facilities for diagnostics, treatment, and research. The hospital will also implement advanced digital technologies and solutions, such as integrated electronic medical record systems and a comprehensive telemedicine suite with haptics interfaces.