Stanford India Fellowship created by Reliance Industries Limited

http://www.gsb.stanford.edu/mba/financialaid/reliance.html

It is heartening to find out that Mukesh Ambani has started this fellowship program to enable 5 bright students from India get premier education at Stanford's Graduate School of Business. This scholarship will cover tuition, board, living expenses, and travel for each of these five students for the two years that the program lasts. Moreover, there is a stipulation according to which the students are required to return to India within two years of graduating and have to work towards India's development for at least two years. So basically, every year we can be assured of having 5 Stanford grads added to our working force.

Compared to a donation initiative setup by his brother Anil Ambani, I laud this effort as a much greater one and one that benefits India. I visited the Wharton School of Business at the University of Pennsylvania and found out that the main auditorium at Jon M. Huntsman Hall is called the Anil Dhirubhai Ambani auditorium. It is said that this was made possible because of a donation upwards of USD $1m.