LSE, Reliance team up for setting up universities in India

The London School of Economics in collaboration with Reliance Foundation, run by the promoters of India's largest corporate house, will set up world-class universities in the country.

Reliance Foundation is the philanthropy arm of industrialist Mukesh Ambani's Reliance Industries group, while the LSE is one of the world's most reputed business schools.

According to LSE's professor Lord Nicholas Stern, LSE would collaborate with the Reliance Foundation in setting up world class universities in India.

The comments from Stern, the director of the India Observatory and chairman of the Asia Research Center at the LSE, follow an address by Mukesh Ambani's wife Nita Ambani and the foundation's chairperson. She is also chairperson of Dhirubhai Ambani International School.

Delivering the Champaben & Jamnadas Modi/K R Narayanan PhD Fellowship lecture at the London School of Economics last night, she spoke at length on the Reliance Group's plan to build bridges between rural and urban India.

"It will be a unique partnership of private, public and the citizen sector and we seek global partnership in this venture," she said.