Initial infrastructure will be built at a cost of Rs.45 crore and the entire campus will be built at an estimated cost of Rs.175 crore. “Courses including Applied Science, Applied Arts, Humanities and Applied Management will be started at the new campus,” Batni, who was a Board Member of Infosys, said.

A Committee of Secretaries of the Government will be visiting in due course and the Committee will decide on the effective date of commencing the University.

“NIE University will be governed by an eminent Board of Governors and we have designated D.A. Prasanna as the Founding Chancellor of NIE University. He will assume charge after the Government approves the commencement of the University,” he added.

Prasanna is an alumnus of NIE and passed out with a first-class degree in Mechanical Engineering in 1968 from the University of Mysore. He then acquired an MBA from Institute of Management, Ahmadabad. During his 25 years with Wipro, he established Wipro GE Medical Systems which brought appropriate technologies to transform medical diagnostics in India. He was the Vice-Chairman of Wipro. Prasanna made significant contribution to Manipal University as Executive Chairman of Manipal Education and Medical Group. He is a successful entrepreneur who setup Manipal Acunova Ltd., the leading Indian Clinical Research Organisation.