They issued a joint statement, saying that "IIHS is at the convergence of both our interests in education, urbanisation and sustainability.We are excited about contributing to an institution which will help people engage with new challenges in an innovative and inter-disciplinary manner.”

The IIHS Board and its Director, Aromar Revi, said Rohini and Nandan Nilekani's support to IIHS's School of Environment and Sustainability is in the spirit that created some of India's greatest Universities almost a century ago.

This is a major step in a Rs 300 crore (USD 67 million) IIHS resource mobilisation campaign to fund five inter-disciplinary schools, one of South Asia's largest reference and digital libraries and other facilities for its Bangalore campus.

An additional Rs 100 crore (USD 22 million) would be raised for chair professorships. The IIHS is nurtured and led by a group of eminent Indians who include: Xerxes Desai, Jamshyd Godrej, Cyrus Guzder, Renana Jhabvala, Vijay Kelkar, Keshub Mahindra, Kishore Mariwala, Rahul Mehrotra, Bansi Mehta, Rakesh Mohan, Nandan Nilekani, Nasser Munjee, Deepak Parekh, Shirish Patel and Deepak Satwalekar.