INDIA: Revival of Nalanda University hits trouble

Plans to revive Nalanda University in India, one of the world's oldest seats of learning, as a totem of Asia's renaissance are facing trouble as supporters admit to little progress in fund-raising, reports AFP.

Parliament passed a bill in August 2010 approving plans to rebuild the university, which was founded in the fifth century, close to its ancient ruins in the impoverished eastern state of Bihar. Backers hope the proposed new campus will one day attract thousands of the finest teachers and students from around the globe, just as the university did centuries ago.

But money has been slow in coming to turn the $1 billion dream into reality, despite the support of the 10-nation Association of Southeast Asian Nations and the Indian government.
Full report on the Hindustan Times site