JSPL invests 300 crores in higher education in Sonepat, Haryana
January 9th, 2009
Following is an excerpt from a report in Indopia.
Domestic steel producer Jindal Steel and Power has invested about Rs 300 crore to set a law school as part of its O P Jindal Global University project and will also approach corporate houses like Tatas and Ambanis to pump in more funds in the form of endowments.
The college, envisioned by JSPL Executive Vice-Chairman and Managing Director Navin Jindal, has been at the university campus in Sonepat, Haryana. The first session of the college, is expected to start in September this year.
" Jindal Global Law School will be the first phase of our endevour to promote excellence in higher education by setting up O P Jindal Global University. We have infused up to Rs 300 crore at the moment and expect more investment in form of endowments and donations," O P Jindal Global University Professor and CEO C Raj Kumar told media.
…The law college would function in collaboration with the top institutes worldwide like Harvard Law School among others and would offer a three-year post-graduate LLB programme. The institute is also planning to commence a five-year undergraduate programme in law.
Kumar said school would have competitive fee structure of Rs six lakh per annum and would offer scholarship and easy loan schemes to them.
The Orissa government should push JSPL for setting up similar higher education institutions in Orissa where they have existing operations (such as an iron ore mine in Tensa, Keonjhar) and where they are expanding some operations. In particular:
Entry Filed under: From mineral resources to human resources,Learning from others