Bank of America and Chhatrapati Shivaji Maharaj Vastu Sangrahalaya, Mumbai, to restore Anvar-i Suhayli at the CSMVS Museum Art Conservation Centre

MUMBAI: January 18, 2012 – Bank of America has today announced that the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya, Mumbai, (CSMVS Museum) will receive vital funding for the conservation of Anvar-i Suhayli. The restoration will be done through the Bank of America Art Conservation Project in partnership with the CSMVS Museum at the CSMVS Art Conservation Centre.

The Anvar-i Suhayli, a 16th-centuryillustrated manuscript with a compilation of delightful fables from the Panchatantra and created at Emperor Akbar’s atelier in the early Mughal miniature style,carries an A++ Grading, the highest grading available that positions it as an artwork of unique national importance.

Mr Sabyasachi Mukherjee, Director of the CSMVS Museum, Mumbai acknowledged and welcomed the extension of this Bank of America global initiative to Asia. “In my knowledge, this is among the first instances of a bank adopting a work of art for conservation in a museum in India,” he said.

The CSMVS Museum, Mumbai will use the grant to further historical research of the manuscript, conduct technical analysis of the fragmented folios of the painting, and conserve and restore the Images. It is anticipated that the work will be completed by early 2013.

“In these economically-challenged times, and as art conservation consumes ever greater portions of museum budgets, the need for private arts funding has become even more critical. We are proud of our 140 year presence in India and appreciate the opportunity to partner with CSMVS, Mumbai to preserve this cherished piece of Indian history,” said Ms Kaku Nakhate, country head India, Bank of America.

The Bank of America Art Conservation Project provides grants to non-profit institutions around the world to preserve artworks that are of important cultural or historical value, for the enjoyment of future generations. It was piloted in Europe, the Middle East and Africa in 2010, providing funding to restore a diverse range of artworks in 10 countries. 2011 saw the project expanded to Asia Pacific, Latin America and the U.S. to facilitate the restoration of 20 pieces of art.

The project in India will be jointly led by Mrs Vandana Prapanna, Senior Curator and Mr Anupam Sah, Head of Art Conservation, Research and Training at CSMVS Museum Art Conservation Centre.

Sah said: “We are pleased to have been selected to benefit from Bank of America’s global art conservation initiative. The conservation and restoration of this important and delightful work will make it possible to showcase Anvar-i Suhaylito the world’s public for years to come.”

“We are pleased to expand the Art Conservation Project to be a truly global program in 2012,” said Rena DeSisto, Global Arts and Culture executive at Bank of America. “As a company with employees and clients in more than 100 countries around the world, we learn every day that cultural understanding and respect are an important foundation for economies and societies to thrive. This program makes real investments in the cultural treasures of many nations while at the same time helping museums with the growing cost of art conservation.”

The Art Conservation Project is an extension of the bank’s global commitment to supporting the arts. Partnering with more than 6,000 arts organizations worldwide, Bank of America’s multi-faceted Arts and Culture Program provides assistance for a wide spectrum of the arts, with an emphasis on programs that foster greater cultural understanding. The company’s investment in the arts strengthens institutions that contribute to local economies and makes opportunity possible in a climate that promotes innovation and tolerance in an increasingly integrated world.

Bank of America Supporting the Arts

As a company serving clients in more than 100 countries and with more than 250,000 employees, Bank of America is committed to a diverse program of cultural support that engages individuals, organizations, communities and cultures in building mutual respect and understanding and which strengthens institutions that contribute to local economies. The company’s investment in the arts sets opportunity in motion in a climate that fosters innovation, respect and tolerance for an increasingly integrated world.

Bank of America art support program in Europe and Central Eastern Europe, Middle East and Africa (CEEMEA) builds on the company’s leadership in arts support in the U.S. and the company now works with nearly 6,000 arts organizations worldwide. The Arts and Culture Program is multi-layered and includes support across all art forms with an emphasis on program that create greater cultural understanding.

Chhatrapati Shivaji Maharaj Vastu Sangrahalaya

Chhatrapati Shivaji Maharaj Vastu Sangrahalaya, (formerly Prince of Wales Museum of Western India) was established in 1905 and is one the premier art and history museums in India situated in the Crescent Site on the southern tip of Mumbai. The Museum building is designed in the Indo-Saracenic architectural style and is listed a Grade I Heritage Building. The Museum houses a world class collection of over 60,000 artifacts which comprises of various forms of modern and ancient art from India and beyond i.e. Far-East, Nepal, Tibet and Europe. It has an important archaeological collection and a natural history section, which are major attractions for children. This spectacular collection comprises of purchases and generous donations from benefactors like Sir Ratan Tata and Sir Dorabji Tata. Several artifacts have been acquired from Seth Purshottam Mavji, Karl and Meherbai Khandalavala and the Archaeological Survey of India.

The Museum has won an award for Heritage Building Maintenance by the Indian Heritage Society. It has also been awarded the ‘2010 UNESCO Asia – Pacific Heritage Award’ for Cultural Heritage Conservation. Its present initiatives are being directed to it becoming more socially relevant and inclusive in its curatorial approach, education and art conservation programs.