I have been watching and collecting various reports on Vedanta University since an MOU was signed about it with the Orissa government. (See my collection here and here and also Vedanta University’s web page.)
After reading about the forced stoppage of the initiation of the building of Vedanta University, I thought I would write about my perspective on Vedanta University.
May I request you to bear with me on my thoughts on Vedanta University and read till the end of this document, even if you partly or fully disagree with me.
I think Vedanta University is a unique opportunity for Orissa and if we mess it up we will regret for ever and our future generation will not forgive us for this.
Why do I say that?
First I would urge you to watch the following two short videos and an audio interview available in the web:
I know many of you have a lot of concerns and red flags about this endeavor and some of these concerns have been expressed in various Orissa newspapers. Let me try to address some of them based on my knowledge.
Q 1: If many top universities are built on much less land, such as Harvard University, which is built only on 380 acres, why does Vedanta University need so much land. (It has now come down from 8000 acres to 6270 acres, but that is still quite large. 6270 acres is 25.374 sq km)
Answer 1: Let us look at the layout below.
The whole thing is 8000 acres. With the airport part gone it is 6270 acres. The ellipse like main university (see picture below) part looks to be about 2000 acres and comparable to the size of IIT Kharagpur which is of 2100 acres but has only 6625 students . Note that IIT Bhubaneswar is being given 890 acres. So Vedanta University’s 2000 acres for 100,000 students is a very good use of land. Please watch the youtube video at http://www.youtube.com/watch?v=u3B7L1S_MAY&fmt8 to get an idea how the buildings are proposed to be quite close to each other with very creative landscaping.
Note that Harvard University with 380 acres supports 19,955 students. So Vedanta University proposing 5 times Harvard’s land for 5 times Harvard’s acreage is not unreasonable.
Q 2: So if the main part of the Vedanta university is only about 2000 acres, what happens to the remaining 6270-2000= 4270 acres.
Answer 2: As is evident from the picture in the previous page there are 8 townships planned for those.
Q 3: If only 2000 acres goes to the university and 4270 acres goes to the townships, why not just focus on the university and ignore the township?
Answer 3: The townships are very important for making Vedanta University a top university at the level of Stanford and Harvard. Following is the reasoning behind it.
its income and expenses are as follows:
Income (2006-07): 3.21 Billion USD
Expenses (2006-07): 3.17 Billion USD
Total Endowment (June 30, 2007): 34.912 Billion USD
From Stanford University annual report at
http://www.stanford.edu/dept/businessaffairs/cgi-bin/downloadpdf_v3.php?file=AnnualReport_2007.pdf
its income and expenses for 2006-07 are as follows.
Income (2006-07): 3.2 Billion
Expenses (2006-07): 2.9 Billion USD
Total endowment (Aug 31, 2007): 17.2 Billion USD
In India the operating expenses for IISc Bangalore, the maximum among the IITs and IISc, in the last budget (item 41 of the Higher education budget) is 130 (plan) + 91 (non-plan) = Rs 221 crores. Rs 70 crore of that is for enhancing the number of students to account for the OBC quota.
For operating Vedanta University at the world class level a lot of money will be required. My guess would be that it will be somewhere in between the expenses at Harvard-Stanford ($2.9-$3.17 Billion = about Rs 15,000 crores) and at IISc Bangalore (221 crores). A good guess is that it will be around Rs 1000-1500 crores.
Mr. Agarwal has only pledged 1 Billion USD and most of it will go into just construction. The student tuition fees will not be enough to cover the Rs 1000-1500 crores needed to run the university.
In case of Harvard only 20% comes from student tuition and the student tuition mostly ranges from 30,000 USD/year to 40,000 USD/year. (This is Rs. 15 lakh/year – Rs. 20 lakh/year)
Vedanta University will not be able to charge that outside of medical students.
So there has to be other sources of money beyond the student tuition.
Since Vedanta University does not have an endowment, where will the additional money come from?
My guess is that it will come from the townships in the remaining 4270 acres.
Thus, I consider the townships to be crucial in achieving the dream of making Vedanta University a top world class university. (However we need to make sure that the money earned from the townships is put into an endowment for Vedanta University.)
If there was no township, I would be very suspicious of Vedanta University’s claim that it will be a top world class university, as then it is not clear where the money would come from. (In this regard one must note that the best private institute in India, BITS Pilani, is nowhere in the world rankings. For that matter the IITs are quite low in the world rankings. What Vedanta University is aspiring is way above any existing institute in India and the existing financial model in private institutes such as BITS Pilani will not achieve what Vedanta University is aiming for.)
Q 4: So you are saying township is a crucial aspect of Vedanta University and 4270 acres goes towards that and only 2000 acres goes towards Vedanta University. Why do not then the Vedanta University officials make the township part clear?
Answer 4: They have.
If one goes to their web page they clearly say: "The campus will be developed in a phased manner to nurture a vibrant university township with a population of more than 500,000."
Q 5: Is there a top university which is similar to Vedanta University + associated townships in terms of land requirements.
Q 6: Is Vedanta University’s goal of 100,000 students reasonable.
Answer 6: Following are some large universities in the USA and their student size in Autumn 2007 as obtained from http://www.osu.edu/osutoday/stuinfo.php#enroll_large .
|
Student size
|
Times rank
|
SJT Rank
|
The Ohio State University
|
52,568
|
121
|
62
|
Arizona State University, Main Campus
|
51,481
|
260
|
93
|
University of Minnesota, Twin Cities
|
50,833
|
87
|
28
|
University of Florida
|
50,576
|
165
|
58
|
University of Texas, Austin
|
50,201
|
70
|
39
|
Texas A&M University, College Station
|
46,542
|
137
|
88
|
Michigan State University
|
46,045
|
203
|
83
|
Penn State University
|
43,232
|
105
|
42
|
University of Wisconsin, Madison
|
42,041
|
55
|
17
|
University of Illinois, Urbana
|
41,135
|
71
|
26
|
They are all pretty good universities, all of them ranked in the top 100 in the SJT ranking.
Q 7: How do we know that the University is not a ruse and Mr. Agarwal just wants the land?
Answer 7: Mr. Agarwal’s net worth in early 2008 was $6 Billion.(see http://www.forbes.com/lists/2008/10/billionaires08_Anil-Agarwal_WDNS.html )
His net worth in 2006 was $2.8 Billion. (see http://www.forbes.com/lists/2006/10/WDNS.html )
Now what is the most important asset of a rich man? His reputation in the eye of the world.
Mr. Agarwal has told the whole world about his university.
Articles praising his pledge to donate $1 Billion towards Vedanta University have appeared in major national and international venues such as:
Time, USA – http://www.time.com/time/specials/2007/time100powergivers/article/0,28804,1616375_1615711_1615671,00.html
Economist – http://www.economist.com/people/displaystory.cfm?story_id=9539815
Independent, UK – http://news.independent.co.uk/education/higher/article3045374.ece
Forbes, USA – http://www.forbes.com/lists/2008/10/billionaires08_Anil-Agarwal_WDNS.html
Forbes Asia – http://www.forbes.com/lists/2008/56/biz_philanthropy08_Anil- Agarwal_WDNS.html
PBS TV USA – http://www.charlierose.com/guests/anil-agarwal
He has met the Prime Minister of India and told him about his pledge to donate $1 Billion for the university.
I do not believe that after so much publicity Mr. Agarwal will back out, as he will lose face and that is the most important thing for a person of his net worth. (It should be noted that many billionaires, especially in the US, do make huge donations. Bill Gates donation of tens of billions USD and Warren Buffet’s donation of about $30 Billion are exemplars. In higher education, Leland Stanford established Stanford University and Andrew Carnegie established Carnegie Mellon University; both top universities now. )
However, if the current opposition continues, it is very much possible that at some point Mr. Agarwal may get fed up with the hurdles created by some people of Orissa and will move Vedanta University to a state (such as Gujarat, Andhra or Karnataka) where he will be welcomed.
Q 8: How come Gujarat, Andhra and Karnataka did not woo him earlier.
Answer 8: I do not know why. May be at that time they did not take him seriously and Orissa did. But now after the design of the university and lot of other groundwork has been done, they will woo him like anything.
In my opinion, Orissa lucked out that it signed the MOU in 2006. It also helped that Mr. Agarwal has other business in Orissa. But then many other companies, private and public have business in Orissa. How much have they given to Orissa in comparison? A good example is 12 crores by Tata Steel for the Inst. of Math and application, and few other smaller donations. Compare that to $1 Billion which is now Rs 5000 crores.
Going back to Gujarat, Andhra and Karnataka, we know what Gujarat did with respect to Nano. If given a small opening they will do the same with respect to Vedanta University.
Andhra Pradesh is in the process of developing Odyssey Science city with an area of 65,000 acres. The first phase is of 10,000 acres. Few months back Andhra CM signed a deal whereby APIC will acquire the land.(See http://www.hindu.com/2008/01/09/stories/2008010958760800.htm ) Given a chance Andhra Pradesh will pick up Vedanta University in a heartbeat. I am told that they already contacted Vedanta officials regarding that.
IT people have a responsibility that they are yet to fulfil. If they’re making so much money, why shouldn’t they create an outstanding private university equivalent to Stanford or Harvard? Had they done something like that they would have compensated for the other problems they have created. If IT people are making money, what do I get out of it, unless I am employed in Infosys with Narayana Murthy? The trouble is, we have given them a lot, but have got nothing in return.
Q 9: How does Vedanta University help Orissa and India?
Answer 9: Let consider the world ranking of universities.
In the Times ranking at http://www.topuniversities.com/ the top ranked universities in the world and the top ranked universities in India and China are as follows:
1. Harvard, USA
2. Yale, USA
3. Cambridge, UK
4. Oxford, UK
154. IIT Delhi
174. IIT Bombay
274. Delhi University
303. IIT Madras
50. Peking University, China
56. Tsinghua University, China
113. Fudan University, China
141. Univ of Sc. & Tech, China
143. Nanjing University, China
144. Shanghai Jiao Tong Univ, China
In the SJT ranking at http://www.arwu.org/rank2008/Top500_EN(by%20rank).pdf the top ranked universities and the top ranked universities in India and China are as follows:
1. Harvard
2. Stanford
3. Berkeley
4. Cambridge
5. MIT
303-401 IISc Bangalore, IIT Kharagpur
201-302 Nanjing University, Peking University, Shanghai Jiao Tong Univ, Tsinghua University, Univ of Sc. & Tech, Zhejiang University
As the above shows, Indian Universities including IITs and IISc are way behind the top universities of the world. They are even much behind the top universities in China.
So what Vedanta is aspiring is to be a university ranked in the top 50 of these lists, if not in the top 25. If that is achieved it will have a huge impact on India, and not just Orissa.
There will be also a lot of impact on Orissa.
a. It will pull up the institutions near Vedanta University such as IIT Bhubaneswar, NISER
Bhubaneswar, the proposed world class central university (WCCU) in Bhubaneswar, IIIT Bhubaneswar, and even Utkal, Ravenshaw, OUAT, etc. The reason it will pull up the other universities is that many otherwise great professors, who will miss out getting a job at Vedanta, would like to be nearby Vedanta and thus would take a position in one of the above universities in the area. The reason they would like to be near Vedanta is that being nearby will allow them to collaborate with the faculty at Vedanta. For the same reason, many of the Ph.Ds coming out of Vedanta Universities would prefer to stay in the area universities.
Note that without Vedanta, IIT Bhubaneswar may end up among the bottom IITs, NISER Bhubaneswar may end up among the bottom IISER/NISERs and the WCCU Bhubaneswar may end up among the bottom WCCUs. This is evident from the admission numbers of IIT Bhubaneswar this year. In terms of student preferences it was only better than IIT Patna. See https://www.orissalinks.com/archives/1303 . This will not improve easily.
Moreover the existing IITs and central universities have been there for years and are established in terms of their infrastructure and they also get a lot of support (including cash donations) from their alumni. The new institutions in Bhubaneswar (IIT, NISER, WCCU) will normally take multiple decades to get to that level.
But with Vedanta University nearby, the situation would change; IIT Bhubaneswar could become among the top IITs; Same about NISER Bhubaneswar and WCCU Bhubaneswar. In other words, the establishment of Vedanta University has the possibility of turning the Puri-Bhuaneswar-Cuttack area a bigger knowledge hub than Pune and Bangalore.
b. With a top IIT, NISER and WCCU near Vedanta, the whole area from Cuttack-Puri will become a huge knowledge hub. Orissa will be able to go much beyond attracting WIPRO, TCS, Infosys, Satyam to attracting companies like Google, IBM, Microsoft etc. Currently such companies come mostly to Bangalore.
c. Recently Mr. Agarwal said that (see https://www.orissalinks.com/archives/1105 ) they will work towards giving 25% seats to the students from Orissa who will be taken on merit basis. This means besides Vedanta University, they will invest in schools so that the above happens. They already have started in that direction by enrolling children of the area in DAV schools and funding their educational cost.
d. Vedanta University is starting off with a hospital and medical college. This will definitely benefit the locals.
e. Another way to look at Vedanta University’s impact is as follows.
It has been said that 3 Billion USD will be spent in making Vedanta University out of which one Billion USD will given by Mr. Agarwal. One Billion USD is Rs. 5000 crores. Recently the central government has announced IITs, IISERs, world class central universities, etc. and the budget for making each of them has been announced. See http://pib.nic.in/release/release.asp?relid=37684 . The budget of a new IIT is 760 crores, new IISER is 500 crores, AIIMS is 332 crores, IIM is 210 crores, and world class central university is 720 crores. They add up to 2522 crores. In other words, with 5000 crores one can almost make 2 new IITs, 2 new IISERs, 2 new AIIMS, 2 new IIMs and 2 new world class central universities. And that is what Orissa will lose out if it throws out Vedanta University.
Q 10. I am opposed to Vedanta’s mining activities. How can I support Vedanta University?
Answer 10: Even if one is opposed to Vedanta’s mining activities, he/she should not oppose having Vedanta University in Orissa as opposing Vedanta University for not liking its mining operation is like "cutting of the nose to spite the face."
Q 11. The MOU was signed in 2006. What has happened since then to indicate that Vedanta University is serious?
Answer 11: I do not know all that has happened, but let me elaborate on the design and architectural front. (In addition they have made progress in land acquisition, hired people in implementing R & R, hired architects and engineers etc.)
They have hired a top architecture company in the USA who has a track record of participating and shaping almost all major universities in the USA. The company is Ayers Saint Gross. Its web site is http://www.asg-architects.com/ . Following are some links to their web pages which refers to Vedanta University.
The design of the master plan of Vedanta University has been featured in many US architecture venues and it has also won some awards. Following are some links on that.
Some pictures of the designs are at http://chronicle.com/media/flash/v53/i45/vedanta/ and videos are at :
Besides the above architecture company, the other companies that Vedanta has hired include:
Most recently, they were ready to start construction but were turned away by about 500 people.
So that is part of their current status.
In summary, Vedanta University has the potential to turn the area from Cuttack-Puri into a bigger knowledge center than Bangalore and Pune and perhaps into the biggest knowledge center (with associate knowledge companies such as Google research, Microsoft Research, IBM research etc.) in India. As a result, it can completely change Orissa. (Imagine the impact if Bangalore was in Orissa.)
We should not play politics with it; otherwise like Tata Motors moving from Singur to Gujarat, Vedanta University will move to another state and for centuries our descendants will blame us for missing an opportunity that may come once in many centuries.
November 8th, 2008
(Update: New Indian Express also reports on it.)
Following is from a report in Pioneer.
Friends and well-wishers have developed a comprehensive website for IIT Bhubaneswar. The website, http://iitbbsr.net, talks about advantages of IIT Bhubaneswar over other new IITs. It includes a section of frequently asked questions (FAQs).
Among the advantages of IIT Bhubaneswar is the fact that the first year classes will be held at IIT Kharagpur. And the students will be living with IIT Kharagpur students in the same hostels and taking classes taught by the faculty of the institute. Thus, these students will have a firsthand experience of an established IIT and will be able to bring the culture and traditions to IIT Bhubaneswar.
The other advantages of IIT Bhubaneswar are that it will be located in a well-connected metropolitan area with a population of 16.36 lakh. This is not too small to lack amenities and not too big to have the problems of big cities such as high crime rate, traffic congestion, power cuts, pollution, water scarcity, and mega slums.
Among the amenities, the IIT will be located right next to the lush green Chandaka-Dampara Elephant Sanctuary and close to the banks of the river Mahanadi. The green environment will provide the IITians plenty of opportunities to interact with the nature and recharge their brains.
At the same time, the students will be close to the malls, a water park, bookshops, museums and other urban facilities of Bhubaneswar. In terms of connectivity, Bhubaneswar is well-linked to the rest of the country by rail (from Amritsar, Hardwar, Goa and Cochin to Guwahati and Dibrugarh), road and air (Indian, Jetlite, Indigo, Kingfisher and Deccan).
But the main advantage of IIT Bhubaneswar will be that it will be driven to excellence by competition and collaboration with other national and premium institutes. The presence of NISER (National institute of Science Education and Research, which is at par with IISER but funded by DAE, proposed world-class Central University and the Rs12,000-crore Vedanta University will be advantageous to them.
It will provide the IITians additional research and management opportunities at XIM (Xaviers institute of Management), AIIMS-like institute, National Law University, Institute of Physics, Institute of Life Sciences, Institute of Minerals and Materials Technology, Regional Medical Research Centre, Regional Plant Resources Centre, CIFA and CRRI.
In addition, Bhubaneswar houses the country’s major software companies, including Infosys, WIPRO, TCS and Satyam, and is the State’s hub in terms of investment. Finally, the social life and career of the IITians will be complimented by the presence of 30-plus other engineering colleges, seven universities (Utkal, OUAT, Culture, Ravenshaw, KIIT, SOA and Sri Jagannath) and two other upcoming universities (ICFAI and Sri Sri), in the area.
With all these advantages, and the State Government’s extraordinary support, whereby it plans to give 1,000 acres of land to IIT Bhubaneswar, much more than the 500-600 acres that the Union Ministry of Human Resource Development has suggested, IIT Bhubaneswar is destined to be among the top IITs of the country, feel educationists.
June 17th, 2008
The following is from our page http://iitbbsr.orissalinks.com/future.htm, where we look at factors that will shape the future of IIT Bhubaneswar.
IIT Bhubaneswar will be mentored by IIT Kharagpur for three years. Initial information suggests that the first year of classes will be held in IIT Kharagpur and the students will stay with the IIT Kharagpur students in one of the hostels. Most likely they will stay in the MMM Hall.
After one year, when they move to Bhubaneswar they will be able to bring with them some of the culture and traditions of IIT Kharagpur and the student life there. Some highlights of those are : (i) Illumination and Rangoli (ii) Spring Fest (iii) Techno-management festival (iv) Hall day (v) Hostel libraries (vi) Wing culture (vii) General championship (viii) Hall and Gymkhanna elections (ix) Hall GBMs and budgets and their spending (x) Scholars Avenue fortnightly newspaper (xi) Equal relationship between juniors and seniors – no calling seniors as Sir, bhai, bhaiyya, dada, etc.
The most important of these culture and traditions is the equal relationship between students at IIT Kharagpur. There every student is equal and no student fears another student. There are no big bosses or connected students in the campus who are feared by other students. Juniors call seniors by the same name that others call them; with no addition of a "bhaiyya" or "Sir." There are no physical fights in the campus. There are rivalries though; often centered around sports and cultural competitions; but NO physical fights.
This is in contrast to most other college campuses in India where students defer to their seniors and there are some students in campus to whom every body is afraid of. Thus it is great that the first batch of IIT Bhubaneswar students will spend a year in IIT Kharagpur and bring back with them the fear-free non-violent culture of the IIT Kharagpur campus.
With Professor Damodar Acharya at the helm of IIT Kharagpur, the mentoring of IIT Bhubaneswar is in good hands. Prior to being the director of IIT Kharagpur, Professor Acharya was the AICTE Chairman in Delhi and prior to that the vice-Chancellor of Biju Patnaik University of Technology, then operating from Bhubaneswar. Thus one can infer that he is well known and well connected in both Bhubaneswar and Delhi circles and this is a big advantage. For example, his suggestion that the Orissa government allocate more than the 500 acres, which the central government required, was received warmly and the Orissa government is indeed looking for a land of at least 1000 acres for IIT Bhubaneswar. So far, none of the other new IITs are thinking along those lines. Having extra land is very important as it will allow further growth of the IITs, which are being built for decades if not centuries to come. Decades later, IIT Bhubaneswar will have Prof. Acharya to thank for this foresight.
IIT Kharagpur, only 321 kms and 4.5-5hrs away from Bhubaneswar, and with 30+ trains, has many other ties with Bhubaneswar and Orissa. It has an extension center in Bhubaneswar from where it offers a PG Diploma in Information Technology and a 1.5-year part-time Diploma in intellectual property law. IIT Kharagpur professors have signed an MOU to develop a perspective plan of the Bhubaneswar metroplex and are involved in many other projects in Orissa. More than 50 faculty at IIT Kharagpur, including the Director and at least two Deans, are natives of Orissa. Thus faculty and leadership of IIT Kharagpur are familiar with Bhubaneswar and Orissa and their aspirations and are in a good position to mentor IIT Bhubaneswar. (There are many Orissa origin faculty at the various IITs and IISc who may also help IIT Bhubaneswar.)
Looking forward to the future IIT Bhubaneswar’s progress will be partly shaped by its competition and collaboration with three other marquee universities and institutions that are being established in the Bhubaneswar area.
NISER is a DAE (Department of Atomic Energy) funded institute that is admitting its second batch of students this year in 2008. The Prime Minister Dr. Mammohan Singh, while announcing the setting up of NISER said: "NISER will be at par with the IISER being established in other places but will operate under the umbrella of DAE. … When completed, I am confident that the National Institute of Science Education and Research will become a Mecca for science just as TIFR and IISc are today." Incidentally, NISER has a higher initial budget of 823.19 crores than the 500 crore budget of each of the IISERs, the 760 crore budget of each of the new IITs and the 720 crore budget of each of the WCCUs. With interdisciplinary research becoming key to solve complex grand challenges, like IISc, NISER will soon branch out to interdisciplinary centers and technological departments. With IITs also having scientific disciplines and interdisciplinary centers, down the road, IIT Bhubaneswar and NISER Bhubaneswar are expected to collaborate and compete with each other. This will drive both to excellence.
Recently, establishment of 14 world class central universities were announced. One of those will be in Bhubaneswar. These world class universities will have a school of medicine, and are expected to have a school of science, a school of engineering, a school of management as well as a school of liberal arts. It is said that these world class universities will be nurtured to compete with Harvard and Cambridge Universities. If that happens, the WCCU in Bhubaneswar will definitely collaborate and compete with IIT Bhubaneswar and NISER Bhubaneswar and this will drive all of them to excellence.
As of now Bhubaneswar is the only metropolitan area of the country which will have a science institute (NISER), an IIT and a WCCU. The metro areas that will have two of them are: Kolkata (an IISER and a WCCU), Pune (an IISER and a WCCU), Ahmedabad-Gandhinagar (an IIT and a WCCU), Chandigarh (an IISER and an IIT), Delhi-NOIDA (an IIT and a WCCU), Patna (an IIT and a WCCU), Guwahati (an IIT and a WCCU) and Bhopal (an IISER and a WCCU). Along with some of these metro areas Bhubaneswar will also have an AIIMS (like institute) with a budget of 332 crores as well as a IIIT.
The above is a projection to the future. But the ground reality is that it will take time for a new IIT in Bhubaneswar to catch up with the existing IITs in many respects. The existing IITs not only have an existing infrastructure and history, but also an alumni base that contributes to their growth and development. Same with respect to NISER and the well established IISc Bangalore. However, Bhubaneswar has one more trump card: the Vedanta University, that is coming up in Puri, about 40 kms and less than an hour from the outer edges of Bhubaneswar.
Vedanta University is a brainchild of industrialist Anil Agarwal, who has pledged a $1 Billion (i.e., Rs. 4,000 crores) towards it and envisions a budget of $3 Billion (i.e., Rs 12,000 crores) in making that university. The budget of this university is illuminating in its scale in that just the pledged 4,000 crores is close to the sum of the budget of two new IITs (760*2 = 1520 crores), a new IISER (500 crores), two new WCCUs (720*2=1440 crores), a new AIIMS (332 crores), and a new IIM (210.25 crores). However, the aim of the Vedanta University is to be like Stanford University and have a similar impact. In 2007, Stanford had an operating expense of $2.9 billion, an operating revenue of $3.2 billion, endowment of $17.2 billion and total asset of $29.3 billion. Hence, the 4,000 crores pledge by Anil Agarwal is only the cost of the initial phases of the Vedanta University and despite the cost differential between the US and India, to be comparable with Stanford, Vedanta University needs the 12,000 crores and perhaps more. However, the Anil Agarwal foundation has the foresight to acquire 6000+ acres of land (comparable to Stanford University’s 8180 acres) and build a city of 500,000 around the University with research parks similar to Stanford Research Park. The real estate holdings of the planned city will be able to provide Vedanta University with a sizeable endowment to realistically aim to become the Stanford of India. In the following interview of Anil Agarwal by a New York area PBS station, one can hear from the horse’s mouth about his vision for Vedanta University (starting at 3:20).
There is a high possibility that Vedanta University will not only play a significant role in Bhubaneswar and Orissa, but in all of India. Its private financing, sound financial model, lofty goals and an unprecedented donation of $1 billion, makes it likely to actually be able to hire top professors and nobel laureates, have graduate programs that rank high at the international level and produce graduates that will populate the premiere institutions and universities of India. This is relevant to the development of IIT Bhubaneswar in particular and all the IITs in general because there is a severe shortage of good academics to fill all the available positions in the IITs (and the WCCUs). In this the proximity of IIT Bhubaneswar to Vedanta University would put it at an advantage as many graduates of the later may prefer to remain in the area and maintain collaboration with their mentors and many may join IIT Bhubaneswar just to be close to Vedanta University.
Thus, with competition from, collaboration with, and synergies associated with NISER, WCCU and Vedanta University, IIT Bhubaneswar has a chance to excel and become one of the top IITs in the country. And if (a big if, but not impossible) all these institutes achieve their stated goals, then the Bhubaneswar-Puri area will have equivalents of a Stanford (Vedanta University), MIT (IIT Bhubaneswar), Berkeley (WCCU Bhubaneswar) and CalTech (NISER Bhubaneswar).
June 8th, 2008