Tuesday, September 26, 2006


Anil Agarwal meets Naveen and discusses Vedanta University

Pioneer News Service | Bhubaneswar

Chairman of the Vedanta Group Anil Agarwal on Tuesday met Chief Minister Naveen Patnaik at the State Secretariat and discussed about its proposed Vedanta University.

After the meeting, Agarwal said the proposed university would come up this year near the Konark-Puri marine drive. At the time of admission, Oriya candidates will be given preference, he added.

It may be noted that the proposed project would come up at an investment of Rs 15,000 crore. The university and its campus will be set up on 10,000 acre of land.

On being asked whether he had any discussion about its Lanjigraha Alumina project with the Chief Minister, Agarwal said he had discussed various issues with him.

He further said he did not final any opposition to his project at Lanjigarha and people at large are supporting the alumina project.

Thursday, September 21, 2006


Vedanta University Crosses Hurdle

Vedanta University Crosses Hurdle
Bhubaneswar:20/September/2006Now it seems that Vedanta Foundation, which has proposed to set up a world class university in Orissa has crossed the first hurdle. Government of Orissa in a major paradigm shift in higher education sector has decided to go for a new act to facilitate private sector in setting up universities. This was decided at a high level meeting chaired by Chief Minister Naveen Patnaik on September 20 here. Legal Pundits were objecting to the proposal fall flat at the Supreme Court's decision to allow private parties to set up centre for higher learning. Higher education sector in Orissa is facing acute financial crisis and the State Government is not in a position to invest in this area out of its own coffer. A Bill will be piloted in the November session of the Orissa Legislative Assembly in this regard,said official sources. Passage of the Bill will pave the way for Vedanta Foundation to set up its university in Orissa. Vedanta Resources will be investing Rs.10,000 crore for an university at par with Stanford University. According to sources at least 8000 acres have been identified in Puri-Konark marine area. Earlier the Institute of Chartered Financial Analysis of India (ICFAI)has also evinced interest to set up its university in Orissa. But ICFAI hit the road block due to legal warnglings over the private university issue. It has been decided to draft the Bill by Higher Education department, which will be vetted by Law department. According to sources only Societies and Trusts will be able to float universities in the state. Earlier to facilitate ICFAI, Government of Orissa tabled a Bill the Assembly in 2003, which collapsed. And now the Government has decided to effect certain changes in the Bill and table it in the next session during November.

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