$1 Billion for Indian Research University

Posted on March 1, 2006  Comments (0)

Anil Agarwal donates $1 billion to set up university

Anil Agarwal, chairman, Vedanta Resources Plc, is keen to establish a world class, multi-disciplinary university in India, with a vision to developing India’s education and research infrastructure.

To be established with an endowment of up to $1 billion, Vedanta University will be of the calibre of institutes like Harvard, Stanford and Oxford, a Vedanta media statement said on Thursday.

Based on a ‘not-for-profit’ philosophy, the university will strive to impart world-class education and drive a cutting-edge research agenda, with an envisaged student population of more than 100,000 in the long term.

Stanford University’s Research Park has spawned more than 1,200 companies in the Silicon valley, with a combined market capitalisation of more than $300 billion: the vision of Vedanta University is to aspire to be a similar enabler for India, said the Vedanta statement.

It will be interesting to see how much money is actually donated and how effective this effort is.

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