Mukesh Ambani, the CMD of Reliance Industries Ltd, was honored by the inaugural Dean’s Medal from the University of Pennsylvania on January 8, 2010. The honor was bestowed upon the leading CEO of India by the Dean of the School of Engineering and Applied Science, Eduardo Glandt. The award was presented in an evening ceremony held at the Trident Hotel in Mumbai, amidst eminent industrialists and celebrities, which included the likes of Kumaramangalam Birla, Anand Mahindra and Sachin Tendulkar. Mukesh Ambani was honored by the medal due to his “visionary leadership” in the application of engineering and technology for the betterment of mankind.

In his acceptance speech, Mukesh Ambani mentioned the latest undertaking by the Reliance Foundation – the Reliance University. Mukesh Ambani announced that the ‘world-class’ university would be set up under the supervision of his wife, Mrs. Nita Ambani. He went on to express the fact that there was a “requirement for a global paradigm shift to include a focus on real engineering instead of financial engineering in light of the recent economic crisis”. The university would be situated either outside Delhi or Mumbai, for which the process of identifying land has already been initiated. The university by the Reliance Group would seek to promote education and research in sectors that would range from liberal arts to technology.

According to Mukesh Ambani, though the university would be international in scale and best practices, it would have an “Indian soul”. The university would have tie-ups with various international universities and would be designed on the lines of American universities such as The University of Pennsylvania. It would initially offer undergraduate courses and later progress to postgraduate and doctoral courses. Dhirubhai Ambani too had been conferred by a Dean’s medal, though from the Wharton School of Management.
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