New management school at MIT

Updated on: Tuesday, May 17, 2011

A state-of-the-art facility for students and faculty of the prestigious Massachusetts Institute of Technology (MIT), which will now house its School of Management, has been built here with the USD one million assistance from the UK-based NRI industrialist Lord Swraj Paul.

The generous assistance was provided through the Ambika Paul Foundation, set up in 1978 by Lord Paul in memory of his daughter Ambika who died of Leukaemia in 1968 at the age of four.

"I would like to thank the Ambika Paul Foundation for their generous support and contribution towards the construction of these fabulous facilities," said David Schmittlein, Head of the MIT Sloan School of Management, as the impressive 21st century home for students and faculty opened at a ceremony on Friday.

He said the Ambika Paul Mezzanine and Study room "create an impressive space, which will be an invaluable asset to both our school and the MIT for many years to come."

In a statement, the Foundation, Lord Paul's charitable trust, announced the "successful completion" of its recent project at the Massachusetts Institute of Technology, Boston.

In 2010, the Foundation donated USD 1 million towards the Sloan School of Management's brand new home, the E62 Building.

The Foundation, which aims to inspire young people worldwide through education, culture and health, has built an impressive programme of donations since its creation over three decades ago.

In 2007, it was approached by the MIT seeking financial support towards the construction of a 21st century home for its School of Management.

The Ambika Paul Mezzanine is a modern light filled area where students and lecturers can meet and talk while enjoying a perfect view over the dramatic Boston skyline.

The Ambika Paul Study Room, on the other hand, is a quieter breakout area where students can study in groups and develop their ideas.

Akash Paul, son of Lord Paul, who attended the ceremony, said: "It gives me a great amount of pleasure to be able to present these facilities to the MIT on behalf of the Lord Paul and family and Ambika Paul Foundation.

"The family are delighted to be in a position to offer valuable support to an academic community of such excellence, and one which has also been attended by so many members of our family."

New management school at MIT

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