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Motilal Oswal Foundation Partners With IIM Mumbai To Set Up Research Hub

By TheCSRUniverse Team Published 09 Oct 2024

Mumbai, Oct 9, 2024: In a significant move set to redefine industry-academia collaboration, the Motilal Oswal Foundation (MOF) has joined hands with the Indian Institute of Management Mumbai (IIM Mumbai) to develop a state-of-the-art learning and research hub. The new facility, Motilal Oswal Knowledge Centre (MOKC), will mark a pivotal chapter in IIM Mumbai’s drive to improve academic infrastructure while reinforcing the Motilal Oswal Foundation's commitment to elevating educational standards nationwide.

Motilal Oswal Foundation has donated Rs 28 crore to set up the Motilal Oswal Knowledge Centre, which will be built on the IIM Mumbai campus.

The Motilal Oswal Knowledge Centre is designed to foster innovation and knowledge-sharing in key disciplines such as capital markets, business strategy, and financial research. The collaboration reflects the growing need for industry-aligned education that bridges the gap between theoretical knowledge and practical application, which is crucial for India's evolving workforce.

The MOKC will be a multi-storey landmark, playing a pivotal role in advancing capital market research and education. The Motilal Oswal Foundation, with 33,400 square feet of dedicated space in MOKC, will drive innovation in capital markets, research, and development, reinforcing its significant role in advancing the industry. IIM Mumbai will utilise the rest of the expansive space of MOKC for modern classrooms, research labs, and support services.

Motilal Oswal, Trustee of the Motilal Oswal Foundation, said, “This is not just an investment in brick and mortar; it is an investment in the future of India’s youth. Education is the foundation of economic growth, and we are proud to contribute to building an ecosystem that nurtures talent and innovation. We also wish to introduce Capital Markets knowledge in the mainline education system in India. This knowledge centre at IIM Mumbai is a step forward in that direction.”

Prof Manoj K Tiwari, Director of Indian Institute of Management, Mumbai, emphasised the impact of the collaboration. He said, “The Motilal Oswal Knowledge Centre marks a significant milestone in our efforts to advance academic and research excellence. The Centre will revolutionise the way we approach research and learning. With dedicated spaces for financial research and academic innovation, this Centre will empower our students and faculty to engage in transformative work that aligns with the industry’s needs. As we expand our capabilities in education and research, partnerships like this will be vital in enabling us to continue growing as a premier institution.”

The Capital Markets Centre within the new building will provide a dedicated space for research in financial markets, making it one of the most significant initiatives in bridging academia and the corporate world.

As India strides toward its goal of becoming a $10 trillion economy by 2030, initiatives like the Motilal Oswal Knowledge Centre will play a crucial role in developing a future-ready workforce capable of driving the nation’s economic aspirations. The country's emergence as a global economic powerhouse depends on the strength of its human capital. Through strategic partnerships like this, India is well-positioned to cultivate the skills necessary for sustained growth. The Motilal Oswal Knowledge Centre will serve as a vital bridge between academia and industry, empowering students with the practical knowledge and expertise they need to thrive in their careers and contribute to the nation’s progress.