A globally benchmarked multi-disciplinary university will come up in Orissa
BHUBANESWAR: Vedanta University aspires to be India’s own Stanford, Oxford or Harvard. Bigger and better, if possible. The Anil Agarwal Foundation will put in an endowment of $1 billion to set up the foundation of the globally benchmarked multi-disciplinary university that will come up between the two scenic tourist spots of Puri and Konark in Orissa in a sprawling campus of 8000 acres.
The total investment over time will be $ 3 billion.
Said to be the biggest contribution from a single person towards setting up an university ever, Vedanta University is expected to have one lakh students in undergrad and post grad courses across disciplines like basic sciences, engineering, medicine, law, business and performing arts apart from multi-disciplinary research in areas like nanotechnology, IT, health sciences, rural economics and manufacturing sciences, applied maths, pharma research etc.
The state government of Orissa and Anil Agarwal, CEO, VedantaResorces, signed a Memorandum of Understanding (MoU) here on Wednesday. Chief minister Naveen Patnaik was also present. Top officials from Vedanta and consultants AT Kearney, architect Hafeez Contractor and a host of government officials were also present on the occasion.
Anil Agarwal, explaining his vision, said, “We as a family wanted to give part of our personal wealth for creating a global university of educational excellence for future generations, thereby creating tomorrow’s nobel laureates, Olympic champions and heads of governments.”
“There has been Rs2 lakh crore worth of investments in Orissa. This university will put in motion an immense knowledge revolution for the state,” the CM said. According to state government officials, 17 per cent of the projects being announced in India happen to be in Orissa.
The total estimated outlay for developing the university in phases will be Rs15,000 crore. “Let us begin the work, money should not be a problem. The first admission should happen in the next two years,” Agarwal said.
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