New Delhi — India’s first university for people of Indian origin living overseas, expected to open next year in the southern city of Bangalore, will be set up by a private higher-education trust selected by the Indian government, a newspaper reports. The Indian government would not bear any of the costs of setting up the university, which was announced by the country’s prime minister in 2005.

The Indian government estimates there are 20 million people of Indian origin across the world whose combined wealth of $1-trillion is almost 20 percent higher than India’s gross domestic product.

The university, which has yet to be named, will be established by Bangalore’s Manipal Academy of Higher Education Trust, which already runs several quality private higher-education institutions in the country.

Although it will be a private venture, the university will follow government guidelines on quotas for Indian students, and enrollment will be evenly distributed between Indian nationals and children of people of Indian origin, the newspaper quoted Vayalar Ravi, minister for overseas Indian affairs, as saying. “We do not want anybody to raise any controversy about this, so we advised them to apply all such rules,” Mr. Ravi told reporters. —Shailaja Neelakantan