The founder of IT firm Infosys, Narayana Murthy, has pledged £200,000 through his family foundation towards the Gandhi statue in Parliament Square.
Another £200,000, promised by another Indian captain of industry, Rahul Bajaj, chairman of Bajaj Auto, is understood to have already come in.
Various sums pledged or sent in by senior Indian businessmen, including £100,000 each from Dr Rami Ranger and Vivek Chadha, have been added. Another £50,000 has been given by Deepak Yadav.
“The world owes Gandhiji a huge debt of gratitude for liberating one fifth of mankind through non-violence,” explained Dr Ranger.
When two new pledges totalling £350,000 are included, the funds top £1 million – the original target was between £750,000 and £1m.
Lord Meghnad Desai, the trustee for the Gandhi Statue Memorial Trust, said every donor will be acknowledged by the Trust on its website and in the book that will be published to coincide with the unveiling of the statue.
The date for that still has to be decided, although the sculptor Philip Jackson has made sure he has kept to his own deadlines.
Donors are being urged to carry on contributing since money left over after the installation will be used to keep Gandhi’s legacy alive, Lord Desai said. Ideally, he would like a “Gandhi House” in London as a centre for the dissemination of his ideas.
Donations can be sent to http://www.gandhistatue.org. Bank details for the Gandhi Statue Memorial Trust: Metro Bank, 1 Southampton Row, WC1B 5HA (Account No. 15065079; Sort code 23-05-80). Swift Code MYMBGB2L; IBAN B39MYMB23058015065079.