NEW DELHI: Reliance Industries Ltd (RILNSE 0.31 %) has informed the government’s Empowered Expert Committee (EEC) that it’s investing about Rs 1,500 crore in its proposed university, Jio Institute, in the next two years to ensure that it creates a world-class centre of learning, said people with knowledge of the matter. This comes after the EEC, which monitors all Institutes of Eminence, had expressed its displeasure to the Jio team over delays in April.
The Mukesh Ambani-led group is ..
Jio Institute was the only greenfield institute selected as an Institute of Eminence by the government in 2018, sparking a controversy, as the honour had been bestowed on the basis of future plans. It was one of six institutes accorded the status — three each from the public and private sectors
The Reliance Foundation Institution of Education and Research, which is setting up the university, told the EEC in a May 6 communication that hasn’t been made public before that it had already invested Rs 775 crore and intends to plough in another Rs 600 crore in FY20. The institute plans to complete faculty and leadership recruitment along with design of the academic programme between September 2019 and October 2020, in time to begin admissions for the 2021-22 academic session, it told the EEC. ..
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