South Asian University (SAU)

South Asian University (SAU) expected to start functioning by 2010.The proposal for SAU was made by Prime Minister Manmohan Singh at the SAARC Summit in Dhaka in December 2005 and later ratified by the eight member countries.Mr. Pranab Mukherjee laid its foundation at a 100-acre plot in Maidan Garhi, Mehrauli in south Delhi on May 26. The campus construction is due to start early next year.The university could take up special studies on economy, culture, religion and societies in the SAARC nations.The initial investment for SAU will be made by the Indian government after which the member countries could contribute and the university would also raise money from international financial institutions and donors.