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.
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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.