The university will have an international character and attract students, faculty and research staff from different parts of the world. It will offer post graduate and research degree programmes in engineering technology, fundamental and basic sciences, social sciences, conflict resolution, knowledge management etc.
The school of Languages will be the only programme providing undergraduate courses in Persian, Korean, Chinese, Japanese etc.
Like the Nalanda University of the past, it will be completely residential. Its Chancellor will be a person of international eminence who may not be required to reside within the campus.
The project report also indicates that the seven schools of the university will be set up in a phased manner. 582 teaching faculty and 5,812 students estimated by the end of phase II, with a student-faculty ratio of 1:10.
The report also assumes that there will be 46 international faculty and $36,000 per anum will be paid to them as salary.
"The detailed project report is a proposal which the government will consider, accept and then send it to the Central government for international funding," says Dr Jha.
The state government has received a formal intimation from Japan's department of economic affairs showing interest in the project, while Singapore and South Korea have also promised funding.
The financing of the university will be conceived with international partners from friendly countries that would ensure its autonomy and educational excellence. 'The university will meet its expenses primarily through self financing, grants and donations with amounts from the govt as it deems fit,' reads the Nalanda Bill.
Image: Nalanda University had a nine-story library for its scholars. The seal of the institution and artefacts discovered during excavations are in the Nalanda museum, near the site.
Also see: From The New York Times: Jeffrey E Garten on the new Nalanda
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