India and Bhutan sign MoU on establishment of Nalanda University
India and Bhutan have signed a Memorandum of Understanding (MoU) to collaborate on the noble objectives of the establishment of Nalanda University in Bihar to develop the institution as an international centre of excellence. Both countries signed a MoU in this regard in Thimphu after President Pranab Mukherjee held talks with the Bhutanese King Jigme Khesar Namgyel Wangchuck.
Key facts of the MoU
- Nalanda University will be located at Rajgir in Bihar and will have the power to confer degrees, diplomas and certificates.
- 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 socio-economic background.
- India will provide appropriate visa to students, faculty, and staff for travel 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.