Infosys Foundation commits Rs 30 crore to CMI

The Infosys Foundation, the corporate social responsibility (CSR) arm of software major Infosys has committed Rs 30 crore for the Chennai Mathematical Institute (CMI) to enhance faculty compensation and support fellowship requirements for research students.
In addition, the grant will enable CMI to invite distinguished mathematicians from across the world to mentor students and boost the institute's quality of research, a release issued here today said.
The corpus from the Infosys Foundation will allow CMI to provide its faculty members with facilities such as housing and standard benefits like health coverage, besides helping it increase scholarships at the Masters and Doctoral levels to attract greater number of talented students.

"Infosys and the Foundation are committed to enriching higher education and research across disciplines including mathematics and science. We also believe that motivated professors are key to encouraging students to push the realms in research. We are honored that our contribution can help CMI to attract the best and the brightest teachers and students," said Sudha Murty, Chairperson, Infosys Foundation.
"CMI has established itself as a center of excellence and the preferred destination for students who wish to pursue mathematics. The corpus created by Infosys Foundation will allow us to expand our teaching programs to other areas related to the mathematical sciences. It will also help us improve the quality and quantity of postgraduate teaching and research faculty," said Prof Rajeeva Karandikar, Director, Chennai Mathematical Institute.

Founded in 1989, CMI has a good track record in the field of mathematics and computer science.