Following are excerpts from https://ommcomnews.com/odisha-news/odish...university
Quote:Odisha Higher Education Dept Inks MoU With SVKM Trust For Establishment Of NMIMS University
OMMCOM NEWSbyOMMCOM NEWS November 28, 2023in Odisha
Bhubaneswar: To promote qualitative higher education and research, a historic collaboration with Shri Vile Parle Kelavani Mandal Trust (SVKM) and Government of Odisha has been made with the signing of a Memorandum of Understanding (MoU) worth Rs 300 crore.
... This will establish a world-class educational campus in Bhubaneswar namely NMIMS University at Info-Valley, Khordha.
... The State government has allocated 40 acres of land on lease in Goudakashipur, Jatni, Bhubaneswar for the establishment of this University free of cost and free registration for an initial period of 30 years, extendable for another 30 years and free from annual maintenance charges of IDCO.
... The outlined terms illustrate a path towards educational excellence – from being a learning resource centre fostering global engagement to admission opportunities for 30% seats for Odisha domicile students based on merit.
... “We are going to set up an international standard educational campus which will impart quality education for the students,” Dr Gandhi said.
... The campus will encompass educational facilities from Kindergarten (KG) to Postgraduate (PG) levels. The campus development and other facilities will be done in a phased manner with support from the Odisha government.
The cost of land shall be reimbursed to IDCO by the Higher Education Department with an initial investment of Rs 300 Crore for the first phase within 5 years of land allocation. SVKM shall bear expenses related to infrastructure development, repairs, renovations, landscaping, utilities, equipment, and human resources.