The Jain Group of Institutions (JGI) will invest around Rs 1,500 crore in the next couple of years to start three universities, two overseas and one in Jharkhand.
"We will be investing Rs 300 to 500 crore to set up a university, which will be the first private university in the mineral-rich Kolhan region of the state of Jharkhand in a years time," JGI's Founder Chairman Chenraj Roychand said here today.
A decision in this regard was taken after meeting with the Jharkhand Chief Minister Raghubar Das at Ranchi yesterday, he said.
Roychand said three acres of land had been identified for the purpose.
Besides, the group was also investing Rs 500 crore each in Africa and Australia for similar purpose, he said elaborating that one university will be opened in Rawanda and another in Melbourne.
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