In 2006 a outline was documented in the efforts to spend $1 billion to revive Nalanda University near the ancient site. A consortium led by Singapore and including China, India, Japan and other nations will attempt to raise $500 million to build a new university and another $500 million to develop necessary infrastructure.
The revived university's enrollment will be 1,137 in its first year, and 4,530 by the fifth. In the 'second phase', enrolment will reach 5,812. Japan will fund the setting up an international university in Nalanda in Bihar. The planned university will be completely residential, like the ancient seat of learning at Nalanda. In the first phase of the project, seven schools with 46 foreign faculty members and over 400 Indian academics would come up. The university will impart courses in science, philosophy and spiritualism along with other subjects. A renowned international scholar will be its chancellor. Dr A.P.J. Abdul Kalam has accepted the offer to join the revived Nalanda International University sometime in September 2007.
The revived university's enrollment will be 1,137 in its first year, and 4,530 by the fifth. In the 'second phase', enrolment will reach 5,812. Japan will fund the setting up an international university in Nalanda in Bihar. The planned university will be completely residential, like the ancient seat of learning at Nalanda. In the first phase of the project, seven schools with 46 foreign faculty members and over 400 Indian academics would come up. The university will impart courses in science, philosophy and spiritualism along with other subjects. A renowned international scholar will be its chancellor. Dr A.P.J. Abdul Kalam has accepted the offer to join the revived Nalanda International University sometime in September 2007.
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