Vedanta plans $1 bn varsity in Orissa

Vedanta Resources has submitted a proposal to the Orissa government to set up a world-class university in the state at an investment of $1 billion.

Anil Agarwal,executive chairman of Vedanta group, on Thursday met Orissa chief minister Naveen Patnaik and his team of officials at the state secretariat and made a presentation on the blue-print of the proposed university - pegged as a world class institution on the lines of Harvard, Stanford and Oxford universities.

Anil Agarwal donates $1 bn to set up university

Agarwal said the autonomous university would start with 25,000 students and sought 5,000 acres of land near Chilka lake for the project.

Patnaik is learnt to have shown interest in the proposal and asked chief secretary Subas Pani to do a survey and identify land for the university.