ICFAI identifies 53 acres near SUM Hospital for its University in Bhubaneswar
October 24th, 2009
Following is an excerpt from a report in Business Standard.
Hyderabad-based Institute of Chartered Financial Analysts of India (Icfai), which is aiming to set up a multi-disciplinary university in Orissa at an investment of Rs 150-200 crore, has identified 53 acres of land for the university.
The land has been identified close to Sum Hospital on the outskirts of the city. Out of the total land area of 53 acres, Icfai has got 11 acres of land registered for the university project.
… The university project in Orissa has been marred by delay as the Icfai Private University Bill is yet to be introduced in the state legislative assembly.
The Icfai Private University Bill would be introduced soon in the forthcoming session of the Orissa legislative assembly, claimed Noorus.
Icfai had earlier announced that its proposed university in Orissa would be functional eighteen months after the Icfai Private University Bill became an Act.
The Icfai University in Orissa would have no management quota, NRI quota or capitation fee. The university would have strength of about 1,500 students and offer courses in various disciplines like engineering, management, law, science and humanities.
Apart from Orissa, Icfai is also setting up universities in other states across the country. States like Uttaranchal, Tripura, Sikkim, Mizoram, Meghalaya, Nagaland and Jharkhand have passed the legislations facilitating the establishment of Icfai universities.
The proposed Icfai universities in Uttaranchal and Tripura have received the approval of the University Grants Commission (UGC) under Section 2 (f) of the UGC Act.
Other states like Chhattisgarh, Punjab, Himachal Pradesh and Rajasthan have already issued letters of intent to Icfai for setting up universities.
The Orissa government needs to be careful with respect to ICFAI. Earlier this year there have been controversies regarding its operation in Hyderbad and in Bangalore.
Entry Filed under: Bhubaneswar-Cuttack-Puri- Khurda area (1),ICFAI University, Bhubaneswar
1 Writeup
1. Pranab Misra | July 7th, 2010 at 8:20 pm
Orissa government should be very careful while granting university status to Icfai as this organisation has been involved in several scandals. It was running MBA programs which were distance programs. But it was charging Rs 6-7 lakhs fees per student when as per distance education council, the fees for such MBA courses should not exceed Rs 50,000. Moreover these distance education MBAs had no legal status or sanctity and as such it was tantamount to defrauding students, their parents and the faculty members, who were being utilised.
The Govt should first verify the construction of the building premises, then approve faculty/staff recruitment and thereafter allow Icfai to start courses. Ravi Shankar university near Cuttack got university status some years back, but is busy constructing its premises before starting classes, which is the correct approach.
Icfai university Bhubaneswar should not be allowed to have any offshore campuses anywhere else in India.
Fee structure and student intake should be regularly monitored since this organisation has a history of regularly flouting government rules.
Icfai operated at Bhubaneswar for several years running illegal, unrecognised courses and cheating students. After public hue and cry, it closed it’s illegal B-school and engineering college and dismissed several faculty, which was an insult to the Oriya people.
Govt is to be very careful of this institute’s activities.