FedEx commits $10 mn CSR grant

Mumbai: FedEx Express on Tuesday said it has committed a corporate social responsibility grant worth USD 10 million to the IIT-Bombay and IIT-Madras, which would help the two institutions set up a ‘centre of excellence’ each on their campuses.

This collaboration reaffirms FedEx’s commitment to advancing technology, leveraging talent, sustainability, and fostering startup growth, the company said in a statement.

“FedEx has committed USD 10 million corporate social responsibility grant to the IIT-Bombay and IIT-Madras. “This initiative will contribute to the establishment of a globally recognized ‘Centre of Excellence’ (COE), strategically located within physical infrastructure on both IIT campuses,” FedEx said.