Hyderabad, Jan 12 (IANS) The Yash Birla Group will set up a world-class sports university near Hyderabad with an investment of Rs.2,000 crore.
The university, spread across 450 acres within 100 km radius of Hyderabad, will train sportspersons from childhood.
The group signed three MoUs with the Andhra Pradesh government for total investment of Rs.13,000 crore in three different projects, during the Partnership Summit 2012.
Yash Birla, Chairman, Yash Birla Group, told reporters after signing the MoUs with Chief Minister Kiran Kumar Reddy that Birla Education Limited would build the sports university.
He said all sporting and education facilities would be provided under one roof, and that he plans to rope in sport companies like Nike and Reebok as partners in running the university.
“Every one is looking at engineering and medical education. But in the Western world, sports education is equally important. We want to bring such culture to India,” he said.
Birla Research and Life Sciences Limited would establish a Rs.700-crore Ayurvedic Village near Hyderabad. The project involves manufacturing of ayurvedic formulations, hospital, treatment facility and research and development laboratories.
Birla also signed an MoU for a Rs.10,300-crore polysilicon mining project near Kurnool as a backward integration for its wafer manufacturing facilities for photovoltaic modules.
Birla Surya Ltd. plans to complete the project in three years.
According to Birla, all these projects would be funded with a debt-equity ratio of 4:1.