Letters: Donate generously

Image
Business Standard New Delhi
Last Updated : Jul 26 2015 | 10:39 PM IST
This refers to the editorial, "Low on innovation" (July 23) and Infosys co-founder N R Narayana Murthy's comment that there has been no earth-shaking invention from India in the last 60 years. It is time for a debate on corporate responsibility towards research and development initiatives.

Murthy spoke about the Massachusetts Institute of Technology (MIT) and its contribution to innovation. As a former student of MIT, let me state that it receives massive grants from industrialists and successful alumni alike for research and development of cutting-edge technologies.

Alfred P Sloan, who studied mechanical engineering at MIT and later became the pioneer of General Motors, donated his entire savings and assets to the institute for establishing the Alfred P Sloan Foundation. The management school of MIT is called the MIT Sloan School of Management. Research scholars are paid generously, besides being allowed to use equipment for longer periods. There are dedicated professors and students engaged in fundamental and applied research. Can Murthy, with a successful son not in need of parental bequest, donate his entire money to the Indian Institute of Science, Bengaluru? Innovation needs dedicated, well-paid students, who should not have to worry about where to land their next job.

Sudarsanam Padam, Hyderabad

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201 · E-mail: letters@bsmail.in
All letters must have a postal address and telephone number
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 26 2015 | 9:36 PM IST

Next Story