Nalanda International University Funding
Japan and Singapore are financing the construction work, with contributions totalling around US$100 million. Gopa Sabharwal has been appointed the first Vice Chancellor of this university in February 2011.
It has been estimated that US$500m will be required to build the new facility, with a further US$500m needed to sufficiently improve the surrounding infrastructure. The group is looking for donations from governments, private individuals and religious groups.
The State Government of Bihar handed over 443 acres of sprawling land acquired from local people, to the University, where construction work has begun. It is a dream project of the former Indian president APJ Abdul Kalam.