Motilal Oswal Foundation forms an industry-acamedia collaboration with IIM Mumbai launch a new facility ‘Motilal Oswal Knowledge Centre (MOKC) marking an important chapter in Mumbai to improve academic infrastructure while reinforcing the foundation’s commitment to elevate education worldwide.
The newly launched facility will be set up at the IIM Mumbai campus, Motilal Oswal Foundation donated upto Rs 28 crore to set up the centre.
India’s evolving workforce requires an evolving system, the collaboration reveals the need for education aligned with industry to bridge the gap between practical and theoretical application. The centre has been designed to promote innovation and an eco-system that shares both practical and theoretical knowledge in disciplines such as capital markets, business strategy and financial research.
Motilal Oswal Foundation, with 33,400 square feet of space in MOKC will be a multi-storey infrastructure and will be used for the purpose of capital market research and education.
The MOKC will be a multi-storey landmark, playing a pivotal role in advancing capital market research and education. 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.”
Dedicated space for research will be allotted within the new building for financial markets, making it one of the most effective initiatives in merging academia and the corporate world.
Prime Minister Modi’s goal of foreseeing India as a $10 trillion economy by 2030 does not seem unachievable, with initiatives like the Motilal Oswal Knowledge Centre playing an effective role in developing a workforce with the capabilities to boost the entire nation’s economic aspirations, India has already achieved the $10 trillion status. Increasing human capital will push the country to emerge as a global economic powerhouse. Collaborative and innovative partnerships like this position the country in state of constant growth and hone the skills necessary to reach the upper echelons of development.
The Motilal Oswal Knowledge Centre will be the prime example of innovation and fostering of the skills. Serving 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.