Tata Trusts chairman Ratan Tata did not specify the aggregate value of resources which will be granted to Khan Academy during the five year partnership by Tata Trusts, which control 66 percent of the shares of Tata Sons, the holding company of the over USD 100 billion group.

Tata said the promise of free access to quality education is a 'new era' and a 'compelling opportunity' with a potential to multiply literacy rates which attracted the Trusts towards making the commitment.

The hedge fund analyst-turned-founder of Khan Academy, Salman Khan, said that Indian students already use Academy's content but it is now in the process of creating specialised content in English and Hindi for the benefit of India, one of the youngest nations in the world.

The concept brought in by Khan Academy is 'refreshingly different' and will make a 'tremendous difference' in India by turning illiterates into literates.

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