Mumbai, Mar 28 (ANI/Businesswire): The Goldman Sachs Foundation and the Institute of International Education (IIE) today announced that a group of 29 second-year students from the leading Indian colleges have been named as 2008 Goldman Sachs Global Leaders.
Since 2001, the Goldman Sachs Global Leaders Program (GSGLP), developed by the Goldman Sachs Foundation and IIE, has been a pioneer in identifying and developing some of the world's most promising future leaders.
Participating colleges and universities in India included: the Indian Institute of Technology (Kanpur), Lady Shri Ram College (New Delhi), Loyola College (Chennai), Mt. Carmel College (Bangalore), St. Stephen's College (New Delhi), The National Law School of India University (Bangalore), Nizam College (Hyderabad), Presidency College (Kolkata), St. Xavier's College (Mumbai), Birla Institute of Technology and Science (Pilani), and Fergusson College (Pune.)
"Global Leaders are extremely talented academically and have already shown proven leadership abilities and a strong interest in global affairs," said Brooks Entwistle, Managing Director and C.E.O., Goldman Sachs India.
"India plays an increasingly important role in the global economy, and these Goldman Sachs Global Leaders will undoubtedly take on critical leadership roles in business and society here and around the world," he added.
Over the past eight years, 900 students from over 20 countries have been honoured as Goldman Sachs Global Leaders.
They have built an extensive network with each other and, with modest seed funding from the program's Social Entrepreneurship Fund, have joined forces to launch innovative social ventures, including a school in rural India, a technology education program in China, an art therapy program for AIDS-affected children in Namibia, and a micro-enterprise initiative for women entrepreneurs in Macedonia.
Each Global Leader receives a 3,000 dollars grant for educational expenses, as well as continued support for their academic and professional advancement through an international alumni network.
In addition, 75 of this year's 150 Global Leaders, including 15 from Indian universities, will be selected to participate in the annual Goldman Sachs Global Leadership Institute in July in New York City.
"Our world today requires leadership that is culturally fluent and well-prepared to address complex issues that have global impact," said Stephanie Bell-Rose, the Goldman Sachs Foundation president.
"This program invests in the talented young people who make up the next generation of global leaders to ensure that they possess the skills and the networks they need to lead us to a better future," he added.