July 28, 2006

Indian Tycoon Makes Gift to Start University

By SAMANTHA HENIG

In the largest donation ever made to a single higher-education institution, a foundation created by an Indian tycoon has committed $1-billion to establish a large, multidisciplinary research university in the Indian state of Orissa.

The institution, to be called Vedanta University, is scheduled to begin enrolling students in 2008, and will model itself after institutions like Stanford University. Its goal is to create an "economic hub" in India comparable to what Stanford has produced

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