Odisha Govt, SVKM ink MoU to set up educational institute

Under the agreement, SVKM will set up an institute named NMIMS University at Info Valley in Bhubaneswar. 

Shri Vile Parle Kelavani Mandal Trust (SVKM) and the Odisha government have inked a Memorandum of Understanding (MoU) for establishing an educational institute in the state at a cost of INR 300 crore, an official release said.

“This collaboration between the Odisha government and the SVKM represents a transformative initiative in expanding educational horizons in the state by establishing a world-class educational campus near the temple city of Bhubaneswar catering to diverse academic needs,” Nayak said, as reported by News 18.

“SVKM, we are sowing the seeds for a world-class educational hub, bolstering Odisha’s stature in higher education,” the minister added.

The agreement was signed by Higher Education Commissioner cum Secretary Aravind Agrawal and SVKM Trust secretary Jayant Gandhi in the presence of Higher Education Minister Atanu S Nayak and Chief Secretary PK Jena on Tuesday.

Under this groundbreaking agreement, the state government has allocated 40 acres of land on lease in Goudakashipur, Jatni, Bhubaneswar for the establishment of the university.

The allocated land is exempted from annual maintenance charges of IDCO and it comes with notable provisions free of charge and allowing for free registration for an initial period of 30 years, extendable for another 30 years. Chief Minister Naveen Patnaik will lay the foundation of the institute on December 7. 

A total of 30 per cent of the seats in the institute will be reserved for students hailing from the state on the basis of merit, said the official release. 

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