MoU has been signed between SVKM Trust and Higher Education Department, Odisha for establishment of NMIMS University

Bhubaneswar; To promote qualitative higher education and research , historic collaboration with Shri Vile Parle Kelavani Mandal Trust (SVKM) and Government of Odisha has been made with signing of  a Memorandum of Understanding (MoU)  worth Rs 300 crore. This MoU has been signed today in presence of  Shri Atanu Sabyasachi Nayak, Hon’ble Minister, Higher Education, FS&CW and Co-operation Department , Chief Secretary ,Odisha Shri Pradeep Kumar Jena , Development Commissioner-cum-ACS Smt.Anu Garg and other dignitaries in a programme held at Lok Seva Bhawan.  This   will  establish a world-class educational campus in Bhubaneswar namely NMIMS University at Info- Valley,Khordha

On behalf of Higher Education Department, Commissioner-cum-Secretary, Shri Aravind Agrawal & from SVKM Trust Honourary Secretary Dr. Jayant Gandhi signed the MoU.

Govt. of Odisha has allocated 40 acres of land on lease in Goudakashipur, Jatni, Bhubaneswar for the establishment of this University free of cost and free registration for an initial period of 30 years, extendable for another 30 years and free from annual maintenance charges of IDCO.

Speaking on the occasion Hon’ble Minister Higher education said that,  signing of MoU with SVKM is  a significant milestone for the State, especially for Higher Education Department. This partnership embodies our dedication to elevating education, fostering growth, and nurturing a brighter future for all.

This collaboration between Government of Odisha and SVKM represents a transformative initiative in expanding educational horizons within the State by establishing a world class educational campus near the temple city of Odisha catering to diverse academic needs, aligning with Odisha’s commitment to elevating the quality of higher education.

The outlined terms illustrate a path towards educational excellence – from being a learning resource centre fostering global engagement to admission opportunities for 30% seats for Odisha domicile students based on merit.

“This collaboration isn’t just about infrastructure; it’s about nurturing a culture of learning and innovation. The responsibility shared in bearing expenses underscores our joint commitment to fostering an environment conducive to growth and knowledge dissemination”. Hon’ble minister said.

“ By aligning with SVKM, we’re sowing the seeds for a world-class educational hub, bolstering Odisha’s stature in higher education. Together, we’re not just establishing a campus; we’re shaping destinies and contributing to the holistic development of our region”, he added.

Honourary Secretary, Dr. Gadhi signed the MoU  complemented Odisha State for giving opportunity for establishing this University. “ We are going to set up an international standard educational campus which will impart quality education for the students”,  Dr. Gandhi said.

Among others Vice Chairperson, OSHEC Dr. Ashoka Kumar Das, Shri Arup Pattnaik, Shri Jagadish B. Parikh, Honourary,Joint Secretary, SVKM Trust present on the occasion.

Odisha has formulated adetailed guidelines for establishment of Private Universities in the State, The campus will encompass educational facilities from Kindergarten (KG) to Postgraduate (PG) levels. The campus development and other facilities will be done in phased manner with the support from Odisha government. The cost of land shall be reimbursed to IDCO by Higher Education Department.with an initial investment of Rs. 300 Cr. for the first phase within 5 years of land allocation. SVKM shall bear expenses related to infrastructure development, repairs, renovations, landscaping, utilities, equipment, and human resources.

This collaboration holds immense promise for the advancement of higher education and academic excellence             in Odisha.