Vedanta university - Orissa - Letter of CEO

29th March 2007

Dear Friend,
We are pleased to share with you, as well wishers of the proposed
Vedanta University in Orissa, the developments to-date and our
objectives in the project. The Vedanta University will be
established in the state of Orissa, along the Puri-Konark highway.
We recall with pride the glorious past when Orissa had Ratnagiri
University, known around the world. With the active support,
encouragement and good wishes from all of you through your
constructive communication in the various blogs, e-mails and
internet communications, we are confident of making Orissa
once again a globally recognised center for higher learning.

Anil Agarwal Foundation, a “not for profit” institution, has been
founded by Mr. Anil Agarwal, Chairman, Vedanta Resources Plc,
London, for making a significant contribution to a core
requirement of India viz. Education.

Anil Agarwal Foundation (AAF) has the vision of creating a
world-class,multidisciplinary university in India, of the quality
of Nalanda, Ratnagiri, Takshila of Ancient India and Harvard,
Stanford and Oxford of today. The new institution will be
called “Vedanta University” to truly reflect the philosophy
and pride of our Country.

The proposed Vedanta University will be an independent,
professionally managed and “Not For Profit” institution based
on an endowment from AAF as seed capital. It will be a Private
University to be set up under an Act of the Orissa State, and will
operate on efficient management principles, generate resources
for fuelling continuous growth in Research and Academics.

Vedanta University will have the following objectives:

1. Create a World standard research driven university where
academics and research will support and benefit from each other.

2. Build a Global scale university with a wide variety of subjects and
specialisations namely arts, sciences, economics, commerce,
education,public administration, communication, law, business
management,engineering,medicine and other professional fields.

3. Offer to all its graduates, irrespective of their specializations
a strong foundation in basic disciplines like liberal arts, basic
sciences, economics,communication, philosophy, behavioural
sciences, mathematics and IT.

4. Provide here and now within the shores of India knowledge based
education to India’s youth, to prepare them as scholars, scientists
and leaders for taking India forward.

5. Provide academic facilities, IT network / library, laboratory and
research facilities, residential and recreation infrastructure which will
make Vedanta University totally self contained like the best
universities in the world.

6. Offer bachelors, masters and research degrees in various disciplines
and offer a unique combination of intensive specialisation as well as
extensive cross disciplinary study.

7. Build an organization with most competent faculty for teaching and
research and highly professional non-academic management team.

Vedanta University will promote greater learning and would place
India on the global map of academic and research agenda. It will
develop mechanisms to involve students in research as an integral
part of their learning, and partner with industry in promotion
of new ideas and innovations.

The University will have colleges and schools for various disciplines,
research laboratories & research parks, residential colonies for
students, faculty and staff,complexes for sports, entertainment
& recreation, conference centers, significant open space to create
the right atmosphere inside the campus, transport and other
infrastructure, over an area of 8000 acres. The proposed university
is planned to ultimately have 100,000 students and corresponding
faculty and staff with complete infrastructure.

This will lead to creating a vibrant township. The local population
will immensely benefit by the direct and indirect employment
potential during the project construction phase and subsequent
running of the University. Unlike an industrial project, which gets
constructed over a finite period of 3 / 4 years, the University will
be continuously expanded thus offering sustained employment
opportunity for local population.

The land for the University will be procured at fully priced current
market rates with no subsidy nor grant allocation of land by
Government. The acquisition is getting delayed and this has pushed
back the construction of the project.

We have engaged world-renowned campus planners, US-based
Ayers Saint Gross, to develop a campus master plan. India based
STUP consultants are engaged to do the detailed design for
construction and the Phase - 1 plans are already finalized. We
hope that we are able to progress with commencement of
construction soon.

We also need the passage by the Orissa State Assembly of
necessary legislations to establish Vedanta University. We hope
this happens soon enough.

We are extremely passionate about building a philanthropic
institution that will educate tomorrow’s Nobel Laureates,
Olympic athletes, heads of state, civic leaders,and social
transformers. We believe that the university will prove
to be a perpetual contribution to society that will generate
global leaders for centuries to come.

We have launched our website www.vedanta.edu.in to provide
you with more updates. We request you to visit our site. As a
person who is keen to see this University come up to bring
glory to Orissa, you may feel free to contact me at
cv.krishnan@vedanta.edu.in if you have any advice or suggestions.

With Regards
C.V. Krishnan
CEO