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ICFAI University Group now present in 8 states
Published on 10 Nov. 2010 12:22 AM IST
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The Odisha Government through its Gazette notification No:9798/1-11/09/Legis- has announced that, the Institute of Chartered Financial Analysts of India University, Act, 2009, to establish and incorporate a self-financed private University in the state of Odisha for providing high quality education has been accorded assent by His Excellency Governor of Odisha.
Koshy Verghese, secretary general, Federation of Universities said, “With the establishment of University in Odisha, the Icfai Universities Group has gone up to nine across the country.”
The group has already established Universities in Dehradun,Tripura, Sikkim, Meghalaya, Mizoram, Nagaland, Jharkhand and IFHE, a deemed University at Hyderabad, Andhra Pradesh. Also there are Letters of Intent and MoUs from 7 more states for establishment of universities.
Dr. TRK Rao, director, corporate communications department of The Icfaian Foundation said, “The objectives for which the University is established in Odisha are to provide instruction, teaching, training and research in specialized fields of financial planning, public accounting, auditing, management accounting, banking treasury management, insurance, financial services, financial management, project management, law, education, medical sciences, various branches of science and technology.”
Dr. Rao also said, “The Act entitles the ICFAI Group to procure twenty-five acres of land to establish the campus with a minimum built up area of 10,000 square meters for conducting the academic programs.”
While narrating the Academic facilities, Dr. Rao informed the Act enables the university to purchase of books and journals at least worth rupees ten lakhs in the first year and to invest rupees 50 lakhs on books, journals, computer networking and other facilities to make the library facilities adequate for contemporary teaching and research within first three years. Equipments, computers, furniture, other movable and immovable assets and infrastructure facilities other than buildings worth rupees twenty lakhs were purchased in the first year and not less than rupees one crore within the first five years.

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