India and Bhutan signed an MoU to develop Nalanda University at Rajgir in Bihar as an international center of excellence. The MoU was signed after the President Pranab Mukherjee held talks with the Bhutanese King Jigme Khesar Namgyel Wangchuck in Thimpu, Bhutan.
Objectives and functions of Nalanda University
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.”
“To build an Asian community of learning where the intellectual potential of every student can be developed to the fullest extent possible and to create an Asian community strengthening regional awareness”.
India will provide appropriate visa to students, faculty, and staff for travel to India to study or work in the University.
The MoU on the establishment of the Nalanda University came into force on October 10, 2013 during the 8th East Asia Summit in Brunei.