Consider the following in regards to the Kotak School of Sustainability : 1) It is India's first fully integrated institution dedicated to sustainability education. 2) The total project cost is around Rs 200 crore.  3) Kotak will be contributing Rs 50 crore in the first phase. .  Which of the following statements is correct?

The Kotak School of Sustainability is touted as India's first full integrated institution dedicated to sustainability education. Funded by Kotak Mahindra Bank through its Corporate Social Responsibility (CSR) program, the school is poised to play a crucial role in shaping the future of sustainability initiatives in the country. It will have dedicated centres of excellence (COEs) covering different aspects of sustainability such as clean energy, environment, ecology, circular economy, climate finance, sustainable societies and policy. The total project cost is around Rs 200 crore. Kotak will be contributing Rs 70 crore in the first phase. The Kotak School of Sustainability marks our commitment to contribute to growing India's skilled workforce towards achieving the goal of long-term sustainable development, including its net-zero target by 2070."