Bangalore: Jindal Aluminium will contribute Rs 100 crore to Bangalore University for establishment of Dr Sitaram Jindal School of Economics (earlier proposed as Bangalore School of Economics).
This contribution is subject to the University getting necessary approval under Section 35 AC/80G (2) (a) (iii) (f) of Income Tax Act, among other conditions, varsity's Vice-Chancellor Prof N Prabhu Dev said.
The Bangalore University will provide the required land in Jnana Bharathi Campus for construction of new building for School.
The Sitaram Jindal School of Economics will offer four-year courses on the pattern of courses offered by the London School of Economics.
The proposed School would be an autonomous body on the patter of London School of Economics/Indian School of Business, Hyderabad. This is subject to approvals by the appropriate bodies of the University.