India has become the favorite destination for the establishment of proposed South Asia University (SAU). The heads of Universal Regulatory bodies of the SAARC countries has collectively decided and recommended that India is the best place to get the South Asia University (SAU).
Earlier in 2005, the Prime Minister Manmohan Singh had proposed the idea to establish such kind of university. During April Summit of SAARC countries, this idea would formally get a formal nod from the member countries.
India has decided to boost the regional cooperation and integration among the member countries through the establishment of South Asia University.
According to the plan, the Government of the member countries would initially contribute to set up the university in India. The proposed SAU would be a public-private partnership venture with no-profit goal. On the model of Central European University (Budapest) and the University of Central Asia (Kyrgyzstan), a legal framework would be developed for the SAU.
After getting a formal nod for the SAU during SAARC meeting in April by member countries, a regional steering committee would be set up to decide the functioning of the SAU. The proposed regional steering committee would include intellectual personalities from the fields of education, public service, business and philanthropy.