Chennai, Dec 24 (UNI) The public sector Indian Oil Corporation Limited (IOC) today contributed Rs one crore to the Vision Research Foundation (VRF) to be set up by the prominent eye care institution, Sankara Nethralaya.
A cheque for the amount was given by IOC Southern Region General Manager M Nageswaran to Sankara Nethralaya chief S S Badrinath at a function at the IOC Bhawan.
Speaking to reporters, Dr Badrinath said the VRF, coming up at a cost of Rs 36 crore, including building and equipment, would become operational by August 2008.
The aim of the foundation was to undertake clinical research and would have departments of Microbiology, Bio-chemistry, Genetics and Nano technhology among others.
The VRF had so far raised Rs 19 crore with Rs eight crore coming from corporates and the balance from philanthropists.
He said Sankara Nethralaya would sign a MoU with the US-based Missouri University on pseudo na Xanthoma Elasticum, a skin disease which could affect the eyes.
The MoU, to be signed on January 9, envisages treatment of eye problems in India to patients of American Xantho Elasticum Society and conduct research in the field.
The Sankara Nethralaya would also sign a MoU with the University of South Carolina for setting up a Nano Medicine Park in India, the ophthalmic part of which would be located in Sankara Nethralaya.