Home » Business » Buffet-Gates Head To India

Buffet-Gates Head To India

By March 12, 2011 at 12:58 PM
Font size: Decrease font Enlarge font
Billionaire philanthropists Bill Gates and Warren Buffett are headed to India as part of the “Giving Pledge” initiative to encourage India’s rich to pledge half their wealth to charity.

 
In an open letter, the billionaires said they “come not as preachers, but more like cheerleaders,” adding: “Not that India needs us to tell them. When we talk about standing on the shoulders of giants in the United States in the personages of Rockefeller and Carnegie, it’s important to note that eight years before Andrew Carnegie would establish the endowment that created the American university bearing his name, Jamsetji Tata established the JN Tata Endowment, which would lead to creation of the world-renowned Indian Institute of Science. Six years later, Tata would pledge half his wealth to philanthropy.”

 

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha
  • Email Email
  • Print Print

Tagged as:

Business | Magazine | March 2011

Rate this article

0
Submit Link

We are looking for the best Indian stories on the web. If you see something interesting, send us a link to the story.