Archive for August 11th, 2008

IIT Bhubaneswar location search reaching a conclusion

Following is from Tathya.in.

The Government of Orissa has identified the site at Argul under Jatni tahsil near Bhuabneswar.  The entire area is 891 acres out of which 230 acre is forest land. While there will be delay in forest clearance, the Government of Orissa has opted for free patch of land. So the State Government has decided to earmark 500 acres of clean land for the IIT-Bh. Accordingly the Chief Minister Naveen Patnaik has written to the Union Human Resource Development Minister Arjun Singh to begin construction work in the site.

How ever the experts feel that the entire 891 acres of land, which has been crisscrossed by train lines and black top road have to be given a geometrical shape in keeping the future of the institution in view. Whole area is to be developed as a compact area and infrastructure development has to be taken up immediately, advised an expert. Black top roads are to be rearranged, so that when the IIT is completed than there will be  no through fare. To begin with there is the need of the water supply to be augmented at the first instance. At least 3 million gallon per day (MGD) water is needed and laying pipelines from Naraj will cost around Rs.46 crore. Laying pipelines to Naraj will take at least 2 years, feel the experts. Similarly, power supply to the area through 33 kv line is necessary and drawing the power line will cost Rs.6 crore. So at the first instance Rs.52 crore is needed for the basic infrastructure facilities, said an official.

The State Government earlier located 4 places like Garabandhu (Malipada), Banki (Dampara), Mundali (Ramdaspur) and Argul (Jatni). Out of the 4 places Argul has been chosen keeping in view all the aspects, said an official. How ever it is advisable to step up infrastructure development before handing over it to the Centre, feel an expert.  And the State Government should fund the improvement expenditure, said he.

Following is from Sambada.

August 11th, 2008

More Billionaires follow Anil Agarwal in establishing universities; though at a much smaller scale

Following is an excerpt from a report in Business Standard on this.

HCL’s Founder and Chairman Shiv Nadar is making a second foray into university education having sought 300 acres of land in Noida, near New Delhi, to set up a Rs 300-crore multi-disciplinary university.

Former Cabinet Secretary T S R Subramaniam is said to be advising Nadar on this venture. The university will be residential and is expected to be operational by 2009.

The Forbes-listed Indian billionaire joins Mukesh Ambani and Anil Agarwal in committing funds to a major university project (see table).

… This university will be Nadar’s second major venture in education after Chennai-based SSN Institutions, which offers graduate courses and research programmes in engineering, biomedical engineering, IT and management.

“Education is a sunrise sector. Investments in this sector are limited, but the returns are very promising. This is why even companies are finding this interesting,” said another source, who is part of Nadar’s university development team.

India’s higher education sector is worth Rs 100,000 crore today and is expected to treble over three to five years, said industry players, as faster economic growth raises the demand for qualified people.

In 2006, Anil Agarwal, chairman, Vedanta Resources Plc, announced plans for a multi-disciplinary university in Orissa, where it is setting up an aluminium smelter, with an endowment fund of up to $1 billion and modelled on Harvard, Stanford and Oxford.

Mukesh Ambani is also reportedly planning a university in Pune at an investment of Rs 100 crore to offer courses in science, arts and professional disciplines.

August 11th, 2008


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