PHILANTHROPY:
Indian Schools Cash In on Silicon Valley Wealth
Pallava Bagla
NEW DELHI AND HYDERABAD--A $1 billion campaign to shore up the elite Indian Institutes of Technology is part of a tidal wave of philanthropy that hopes to raise up Indian higher education. Although a few observers are grumbling privately that such largesse is a thinly veiled attempt by wealthy individuals to seize control of state assets, most view the charity drives as part of the long-awaited payback on India's massive brain drain of the last few decades.