The MoEF has accorded clearance to the proposed Vedanta University in Orissa promoted by the Anil Agarwal Foundation (AAF). The project which has been facing land acquisition problems has also got the CRZ (Coastal Regulatory Zone) clearance.
AAF plans to develop a multi-disciplinary university on the Puri-Konark marine drive at an investment of Rs 5,000 crore. The university will be spread over 6,892 acre with a total construction area of 273.68 lakh sq mtrs.
As per the project blueprint, 1,500 acre is earmarked for academic block, 1,200 acre for R&D centre and research work and 1,092 acre for green belt and open spaces. A township is likely to come up over 2,100 acre for the faculty. A sports complex spread over 100 acre and an exhibition centre on 100 acre are other features of the university project.
Meanwhile, in the first phase of the university project, a 500-bed multi-specialty hospital will come up on 37 acre at a cost of Rs 400 crore.