ICFAI signs MoU for University in Orissa
Bhubaneswar, Mar 20 (UNI) The Institute of Chartered Financial Analyst of India (ICFAI), the largest private player in the field of Higher education, has proposed to invest Rs 150 crore to set up a University in Orissa.
A Memorandum of Understanding (MoU) was today signed between ICFAI Dean, new initiative group, N Rajsekhar with Higher education Secretary Ashok Kumar Tripathy.
Later talking to newsmen, Mr Rajsekhar said the University would teach all major subjects of engineering, besides, the management courses.
The ICFAI, he said, had already identified 75 acres near Jatani for the proposed university out of which 30 acres of land had already been purchased.
He clarified that there would neither be any quota nor any capitation fee and local people would be given preference during admission and recruitment.
Mr Rajsekhar said the ICFAI university would add significant value to Orissa in developing necessary human resources, to be required, in the wake of rapid industrialisation and development taking place in the IT sector.
The ICFAI has sponsored various varsities in the country.
States like Uttaranchal, Tripura, Sikkim, Mizoram, Meghalaya and Nagaland have passed legislation facilitating the establishment of ICFAI University in their respective states.
Mr Rajsekhar said Chhatisgarh, Punjab, Himachal Pradesh and Rajasthan have already issued letters of intent to ICFAI to set up universities in their states.
Orissa Finance Minister P C Ghadei, Higher Education Minister Samir De, Industry Minister B B Harichandan and Information technology Minister S N Patra, besides Chief Secretary Ajit Kumar Tripathy were present.