Foundation stone for the Bengaluru Dr. B.R Ambedakar School of Economics will be laid by the President of India Pranab Mukherjee. The stone will be laid on the occasion of a function to be held in Karnataka Vidhana Soudha on April 14.
"We are grateful to President Pranab Mukherjee for accepting our invitation to lay the foundation stone for Bengaluru Dr B.R. Ambedkar School of Economics," state Minister for Higher Education Basavaraj Rayaraddi said.
The Karnataka government intends to make this institution an autonomous body of international standard. Earlier, Bengaluru University had made an attempt in to establish the Dr Sitaram Jindal School of Economics in partnership with the Jindal Group but due resistance from various sections of the society the proposal has been on back burner ever since.
"We approached the Jindal Group but they said they are not interested. With the Jindal Group cancelling its plan, the Karnataka government has taken the initiative to establish Bengaluru Dr B.R. Ambedkar School of Economics," Rayaraddi said.
Under the first phase of establishment the state cabinet has already given the approval of Rs 150 crore. The approved money will be utilized in making the main administrative block, student hostel, auditorium, three seminar halls and residential accommodation for the staff etc.
More than 43 acres of land in Jnana Bharathi campus has been handed over to the Bengaluru Dr B.R. Abmedkar School of Economics. Initial design and drawings for the establishment of the institution are ready," the minister said.
"We had sought the assistance of London School of Economics (LSE) to set up programs, faculty and other facilities. A team from LSE visited Bengaluru and agreed in principle to provide technical support," he added.