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Nalanda: World's Oldest University Poised for Revival in India
It has been estimated that 500 million dollars will be required to build the new facility, with a further 500 million dollars needed to sufficiently improve the surrounding infrastructure.
The group is looking for donations from governments, private individuals and religious groups. The governments of both Singapore and India have apparently already given some financial commitments.
Some commentators believe a crucial impact of the establishment of a new international university in India would be the boost it gave to higher education across Asia.
Indian authorities believe the establishment of the college would act as a global reminder of the nation's history as a centre of learning and culture.
Source-ANI
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