The Indian Institute of Technology Kanpur (IIT-K) has announced the signing of an MoU with the Anil and Kumud Bansal Foundation to support the establishment of the School of Medical Sciences and Technology (SMST) at IIT Kanpur. 

Anil Bansal, the proprietor of the Anil and Kumud Bansal Foundation, is an alumnus of IIT Kanpur and runs the Foundation, along with his wife Kumud Bansal. Under the MoU, the Anil and Kumud Bansal Foundation pledges to donate an amount of $2.5 million for the establishment of the School. The school is now being named Gangwal School of Medical Sciences and Technology.

The medical school at IIT Kanpur will be completed in two phases. Phase I of the project will include setting up a 500-bed Super-Specialty Hospital, Academic Block, Residential/Hostel, and Service Block with a total built-up area of approximately 8,10,000 sq ft. Phase I will also include setting up Centers of Excellence (CoE) for pursuing R&D activities in futuristic medicine. This phase is tentatively planned to be completed over the next three to five years. 

The Phase II of the project will see the hospital capacity grow to 1000 beds, expansion in clinical departments/centres, research areas, the inclusion of paramedical disciplines, alternative medicine, hospital management, sports medicine, and public health programmes. Phase II is planned to be completed over 7-10 years.