India and Bhutan on 7 November 2014 signed a Memorandum of Understanding (MoU) to develop Nalanda University in Bihar as an international centre of excellence.
Highlights of the agreement
The MoU states that the objectives and functions of Nalanda University includes the establishment of an international institution of learning that will bring together the brightest and the most dedicated students from all countries irrespective of gender, caste, creed, disability, ethnicity or socioeconomic background.
According to the MoU, the Nalanda University will be located at Rajgir in Bihar and will have the power to confer degrees, diplomas and certificates.
It focuses on building an Asian community of learning where the intellectual potential of every student can be developed to the fullest extent possible.
As per the MoU, India will provide appropriate visa to students, faculty and staff for travelling to India to study or work in the University. The funding for the establishment and operations of the University will be on a voluntary basis.
When: 7 November 2014
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