Update on the University planned by Mukesh and Nita Ambani
January 25th, 2010
Following is an excerpt from a report in The Australian.
India’s richest man, Mukesh Ambani, is committing up to 10 billion rupees ($A240 million) to set up a world-class university in either Mumbai or Delhi modelled on top US universities.
… During his January 8 acceptance speech in Mumbai for the Dean’s Medal from the University of Pennsylvania’s School of Engineering and Applied Science, Ambani said RIL would invest 5 billion rupees ($A120 million) initially in the Reliance Foundation to set up the new university, with plans to increase its commitment to 10 billion rupees.
He said the multi-disciplinary university would promote education and research across all areas, from science and technology to liberal arts. It would be international in scale, employ best practices and would seek to forge partnerships with highly regarded universities from around the world.
… Ambani’s A$240 million commitment via the Reliance Foundation is likely to be just the starting point for his university project. Ambani’s great advantage is the Reliance track record in handling large projects. The company prides itself on meticulous planning, delivering on time and “flawless execution on a large format.”
Entry Filed under: India,Learning from others,Vedanta University, Puri