One of India's richest men says he is donating nearly $2 billion to help fund education initiatives in India.
Azim Premji, the chairman of software company Wipro, said Wednesday he is giving 213 million of his shares in the company to a charitable trust.
The Azim Premji Foundation, as the trust is called, will fund rural education initiatives and teacher training programs. The foundation is also working to build a new university in the southern city of Bangalore.
Premji said good education is "crucial to building a just, equitable, humane and sustainable society."
He has a net worth of about $17 billion, and will transfer the donated shares to the foundation by December 7.