The Hindu Business Line : SSN Institutions to invest Rs 1,100 cr in new campuses

The details
The campus at Tuticorin costing Rs 500 crore is proposed by academic year 2009.
The Noida campus proposed to be ready by academic year 2008, would offer master courses in engineering and management.

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Mumbai Feb. 16 The Chennai-based SSN (Sri Sivasubramaniya Nadar) Institutions will invest Rs 1,100 crore on building educational campuses in Tuticorin and Noida and a research centre near Chennai.

Ms Kala Vijayakumar, President, SSN Institutions, told Business Line: "We will be spending Rs 750 crore in the first five years, while Rs 250 crore will be invested over the next five."

The campus at Tuticorin costing Rs 500 crore is proposed by academic year 2009. "It will come up on 1,000 acres of land that we plan to acquire.

"The centre would focus on providing under graduate and graduate courses in science, maths, physics, economics and law," said Ms Vijayakumar.

The trust will spend another Rs 600 crore on an educational institute in Noida, UP, and a research institute in Chennai.

The Noida campus proposed to be ready by academic year 2008, would offer master courses in engineering and management.

"We are in the process of acquiring around 250 acres of land to set up the campus at a capital outlay of Rs 300 crore," said Ms Vijayakumar.

Research centre

The proposed research centre in Chennai would specialise in alternative energy, nano technology and national security, said Ms Vijayakumar.

SSN Educational and Charitable Trust, which controls the institution, was founded by Mr Shiv Nadar (Founder of the HCL group and Chairman of HCL Technologies).

All the proposed projects would be financed by SSN Trust, added Ms Vijayakumar, without going into financial details.

The trust had applied for Deemed University status in June 2006 and expects to get it by academic year 2007, added Ms Vijayakumar.

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