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MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
Page 1 of 9
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th
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The Mumbai Megaproject
Second Edition
Mumbai As A Magnet For New Universities
An Initiative of the Planning and Design Lab
Copyright March ‘ 2013
This material is protected by Indian copyright law
Busybric Infrastructure Pvt. Ltd.
Revision 02
28th
Mar ‘ 2013
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
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© Protected by Indian Copyright 2013
Busybric Infrastructure and The Nataraja Foundation are the owners of this project design basis. Further development of the
project is hereby assigned to “ The Planning and Design Lab “, which is a joint initiative of Busybric Infrastructure and The
Nataraja Foundation .
BusyBric Infrastructure is a next generation infrastructure concept, design and implementation company with an agenda to
bring totally new ideas to the Infrastructure business in India. ( website : www.busybric.com )
The Nataraja Foundation on the other hand,is an independent organization which promotes rigorous study of issues pertaining
to India and attempts to provide solutions for large social and economic challenges. ( website : www.nataraja.org.in )
The Nataraja Foundation is the promoter of “ The Indian Education Megaproject “. The Education Megaproject is a plan to
provide high quality education, totally free of cost to 126 Million Children in 28 states and 7 union territories across India. The
entire financing of Rs. 6 Lakh Crores ( US $ 131.38 Billion ) for this project is to be raised independent of central and state
budgets. A detailed plan to execute the Education Megaproject has been submitted to the Ministry of HRD and the Planning
Commission, Govt. Of India. Those interested can view and download all the project documents including detailed calculations
and the financing scheme from the Nataraja Foundation website : http://www.nataraja.org.in/masseducationproject.htm
Together, Busybric Infrastructure and The Nataraja Foundation have an agenda to provide thought leadership in the areas of
Education, Healthcare, Urban Infrastructure and a number of other matters of national interest.
The projects Busybric and Nataraja promote are in the public interest for people in India and around the world. We therefore
would like to share our ideas with like minded individuals and organizations globally for the service of the public with the
caveat that the source of information ( this report ) be mentioned in each case while referring to the information and unique
ideas contained herein to avoid legal action.
All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or
mechanical including photocopying, recording or any information storage or retrieval system, without the prior written
permission of the Planning and Design Lab.
Those interested in knowing more about our work may write to us at the following address :
Current mailing address :
The Planning & Design Lab
104, Parshudhar Building, Plot No 5, Sector 25
Nerul ( East ), Navi Mumbai 400706
Maharashtra, India
T: + 91- 22 2 7707623
M: + 91-9867612368
E Mail : nataraja.foundation@gmail.com ( Enquiries pertaining to the Indian Education Megaproject )
Lab@mumbaimegaproject.com ( Enquiries pertaining to the Mumbai Megaproject )
Nataraja Foundation Charity Registration No. E – 24721 ( Mumbai )
Cover image : Collage based on generic pictures available on the internet. Link to the source of the pictures is provided on the
website.
Designed , typeset and printed in India by “ The Planning and Design Lab “.
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
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Table Of Contents
1. Executive Summary
2.
3.
4.
5.
6.
7.
8.
9. The Game Changing Role Of The Judges Of The Mumbai High Court
Project details will be shared with interested parties after signing of
confidentiality agreement, payment of prescribed fees and signing of the initial
project agreement.
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
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About the Authors
Amrita Puntambekar is a designer with “The Planning and Design Lab”. She has detailed many of
the concepts as regards the social equity dimensions of the Mumbai Megaproject. She leads the
Nataraja Foundations initiatives on women’s issues and particularly children’s education. She is also
an associate fellow at the Nataraja Foundation and a consultant for its various projects. Amrita is a
freelance artist and specializes in watercolour. She is a post graduate in commerce and lives in
Mumbai.
Ashish Puntambekar is a Mumbai based , corporate planner and infrastructure project designer. He has
20 years of experience in designing some of India’s largest infrastructure projects, the most notable and
recent of which is the Indian Education Megaproject. The Education Megaproject is a plan to provide
high quality education , totally free of cost to 126 Million children, 80 % of who live in rural areas and
come from the poorest families. Please visit : http://www.nataraja.org.in/masseducationproject.htm
As a designer , Ashish believes in Gandhiji’s vision of “ Sarvodaya “( i.e the rise of all ) and his project
designs therefore focus on including the excluded among the masses . All his projects also have huge
environmental dividends in that they are designed for sustainability while also deploying
environmentally friendly building materials on a massive scale. Each project’s financial design also
frees up large capital resources for afforestation schemes and for wildlife preservation.
The Mumbai Megaproject for instance provides US $ 300 Million for Mangroves and another US $ 1.5
Billion for the planting of dense forests in Maharashtra. Employment generation is also high on the
design agenda. This is witnessed by the fact that the above mentioned two projects , alone will add 10
Million new jobs in India.
Besides designing large infrastructure and clean energy projects, the designer is also keenly interested
in the geopolitics of petroleum ( several published articles ) and has expert level knowledge in the
energy business and especially the price of crude oil which he has traded as a derivative trader on all
the worlds major exchanges and OTC markets for over 5 years. He currently works as a project
designer and also runs a private foundation, named the Nataraja Foundation, with a mandate to
innovate on an unprecedented level in the areas of Social Infrastructure, Urban Planning and Clean
Energy.
Ashish holds an MBA in international business and a bachelors degree in Mechanical Engineering.
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
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Acknowledgments
The Mumbai Megaproject is a scheme in the interest of the Millions of citizens of Mumbai City and the
112 million inhabitants of Maharashtra. It is also a landmark project to safeguard the ecology and
sustain a vast marine ecosystem around Mumbai. The project proposal itself is an exercise in the public
interest and for the consideration of the State and Union Governments.
In a project proposal as wide-ranging as this with its 22 different themes, the project designers have
received much help from others, starting with FICCI-FLO and Deutsche Bank who organized and
sponsored the seminar in Sept ’ 2011 at the YB Chavan Center at Nariman Point in Mumbai.
While the Marco concepts and large project ideas are our own, several Individuals have contributed by
providing comments on draft chapters. A few senior specialists with vast experience in project planning
and execution have reviewed the whole report consisting of 22 different themes + 2 project control
specifications and have provided their inputs. Some contributed in terms of ideas while others provided
critical cost estimates for the various schemes within the Megaproject. It is not possible to thank
everyone by naming them as one cannot rank their ideas on the basis of relative criticality or
importance.
We have also borrowed ideas and concepts from other projects implemented around the world such as
the palm islands in Dubai, The Semakau offshore landfill in Singapore, The Chunnel tunnel that
connects the UK with France, The Cheonggyechon river re-development (Seoul, South Korea), Besos
river ( Spain ), The Sabarmati river re-development project in Ahmedabad, The Coral Reef Alliance’s
Bio Rock technology implementations around the world etc. In including these projects we acknowledge
their thought leadership and would like to learn from their implementation experience. Each borrowed
concept is acknowledged by source and at no point do we claim these fundamental concepts as our
own. In fact we hope that the people and organizations involved in these earlier, path-breaking projects
around the world see the opportunities in Mumbai and come here. The city will greatly benefit from their
experience.
Several friends have provided helpful guidance as we edited the final text for publication. We have also
taken a number of generic pictures from the internet and have used graphics and material for tables
from various published sources and while doing so, we have taken care to quote our sources for
numbers and opinions expressed by various parties in the public domain.
It is important to state here that the cost estimates within the Megaproject’s reports have been arrived
at after seeking relevant advice from experts. These are however indicative costs based on current
industry practices and projects commissioned within the last 3 – 5 years in India and around the world.
Based on all these inputs, we have modified the concepts in a manner that fits Mumbai’s unique
requirements. This cross fertilization of ideas across industries has been our own and it is this that
makes the Mumbai Megaproject unique. The estimates are critically linked to project execution
structures specified in each case to achieve the most efficient project schedule and least possible cost.
The project configurations and the scope of work considered in each sub-project also have had a major
impact on cost and these costs could vary if project scope is changed significantly.
Finally, the authors take sole responsibility for any errors or omissions regarding opinions expressed
and conclusions drawn from the various studies within the Megaproject proposals.
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
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1. Executive Summary
The Mumbai Megaproject has developed a detailed conceptual plan and an execution
schematic backed by a large financing scheme to create six new universities as centers of
excellence in the Mumbai Metropolitan Region. These six new institutions will serve as
development control centers for 36 other regional hubs of higher education across
Maharashtra.
The plan is based on the following rationale and has been designed to reduce the brain drain
that is currently happening in Maharashtra.
Huge Decline of University Education in Maharashtra
One of the most worrying things about Mumbai and Maharashtra is the huge decline of
higher education that has occurred over the last three decades not just in Mumbai but across
the state.
The decline of higher education in Mumbai is very apparent when we see what has
happened to Mumbai University, India’s second oldest university which has approximately
600 colleges affiliated to it.
The situation in Mumbai University is extremely serious. Over 200 faculty positions are
vacant while the number of students has risen. The University Grants Commission (UGC)
committee has recently recommended that the central government should take over the
university. Given the fact that Mumbai University is Maharashtra’s premier university, we
believe that problems in this university has very serious implications for the future of
Maharashtra’s economy.
Educated Marathi Manoos Leaving Maharashtra
The most serious implication is that the Marathi Manoos … is leaving the state for higher
studies … never to return. A recent study by IIM Bangalore has found a 256 % rise in Indian
students going abroad for higher studies for India as a whole. Given the serious condition of
mumbai university, the IIM Bangalore study is also indicative of the brain drain happening
from Maharashtra.
The Mumbai Megaproject
Second Edition
Mumbai As A Magnet For New Universities
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
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Mar ‘ 2013 The Planning and Design Lab Rev 02
This explains the fact that the number of Maharashtrians in Mumbai, India’s financial capital
has declined considerably and one of the primary reasons for this appears to be the huge
decline in university education in Mumbai city and in districts across Maharashtra.
The situation is worrying because it appears that students from the interiors of Maharashtra
whose natural destination would normally be Mumbai or Pune are now going to other states
or abroad. What’s even worse is that given the extremely poor infrastructure in Mumbai , they
are preferring to even settle down in other cities in India or abroad. This has huge
implications for the future of Maharashtra’s Economy.
The Megaproject Plan … Mumbai As A Magnet For Universities
It is observed that around the world, the largest cities and urban centers such as London and
New York have a larger than normal number of Universities within city limits. London has 40
world class higher education institutions while New York city has several dozen of them.
There is a proper economic rationale for having Institutes such as London School of
Economics, The London Business School, Kings College or the University of Arts in a large
city. New York and London look at universities and institutes of higher learning as anchor
institutions around which the whole economy revolves.
Urban universities in the United States for example spend US $ 136 Billion each year ( more
than 6.3 lakh crores ) on salaries, goods and services which is more than nine times what the
US federal government spends on jobs and economic development ( according to a 2002
study by the CEO’s for cities ).
It may also surprise Mumbaikars to know that just the international students studying in the
40 Institutes of higher learning in London bring in US $ 2.89 Billion in revenue which is more
than all the 4500 industries operating in the Thane Belapur Industrial belt in the Mumbai
Metropolitan Region put together.
If we take the GDP Impact of all the students studying at the 40 Institutions in London, the
numbers will be much larger. Universities also add tremendous economic value . A recent (
2011 ) study has shown Stanford University’s alumni generate US $ 2.7 Trillion of value
annually through the companies that have set up around the world. Similar is the case with
MIT whose graduates generate US $ 2 Trillion in business value each year through
organizations they have set up.
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
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The Megaproject therefore asks “ What are smoke stack industries doing in Mumbai ? ” Its an
important question.
Details of the university cluster plan for Maharashtra together with its financing plan will be
shared with prospective project partners and government after going through a legally
recognized and properly documented process.
Ashish Puntambekar
Project Designer
The Planning and Design Lab
Projects
The Mumbai Megaproject
& The Indian Education Megaproject ... High quality Education to 126 Million Children Totally Free of cost
Contact Details : ashish@mumbaimegaproject.com
ashish.puntambekar@gmail.com
MUMBAI AS A MAGNET FOR NEW UNIVERSITIES
Page 9 of 9
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NOTE
This document is protected by Indian Copyright Law. Please specifically quote your
source while referring to the text / material presented herein, to avoid legal action.
Pictures used within this document have been taken from the internet. They are therefore
representative and not necessarily from a location in Mumbai or Maharashtra. The
pictures used are generic and we have provided a link on the website ( to be updated
from time to time ) where we have identified the source of the pictures. In case of any
oversight on our part, please let us know and we will immediately rectify the matter.

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Mumbai as a_magnet_for_new_universities

  • 1. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 1 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 The Mumbai Megaproject Second Edition Mumbai As A Magnet For New Universities An Initiative of the Planning and Design Lab Copyright March ‘ 2013 This material is protected by Indian copyright law Busybric Infrastructure Pvt. Ltd. Revision 02 28th Mar ‘ 2013
  • 2. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 2 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 © Protected by Indian Copyright 2013 Busybric Infrastructure and The Nataraja Foundation are the owners of this project design basis. Further development of the project is hereby assigned to “ The Planning and Design Lab “, which is a joint initiative of Busybric Infrastructure and The Nataraja Foundation . BusyBric Infrastructure is a next generation infrastructure concept, design and implementation company with an agenda to bring totally new ideas to the Infrastructure business in India. ( website : www.busybric.com ) The Nataraja Foundation on the other hand,is an independent organization which promotes rigorous study of issues pertaining to India and attempts to provide solutions for large social and economic challenges. ( website : www.nataraja.org.in ) The Nataraja Foundation is the promoter of “ The Indian Education Megaproject “. The Education Megaproject is a plan to provide high quality education, totally free of cost to 126 Million Children in 28 states and 7 union territories across India. The entire financing of Rs. 6 Lakh Crores ( US $ 131.38 Billion ) for this project is to be raised independent of central and state budgets. A detailed plan to execute the Education Megaproject has been submitted to the Ministry of HRD and the Planning Commission, Govt. Of India. Those interested can view and download all the project documents including detailed calculations and the financing scheme from the Nataraja Foundation website : http://www.nataraja.org.in/masseducationproject.htm Together, Busybric Infrastructure and The Nataraja Foundation have an agenda to provide thought leadership in the areas of Education, Healthcare, Urban Infrastructure and a number of other matters of national interest. The projects Busybric and Nataraja promote are in the public interest for people in India and around the world. We therefore would like to share our ideas with like minded individuals and organizations globally for the service of the public with the caveat that the source of information ( this report ) be mentioned in each case while referring to the information and unique ideas contained herein to avoid legal action. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical including photocopying, recording or any information storage or retrieval system, without the prior written permission of the Planning and Design Lab. Those interested in knowing more about our work may write to us at the following address : Current mailing address : The Planning & Design Lab 104, Parshudhar Building, Plot No 5, Sector 25 Nerul ( East ), Navi Mumbai 400706 Maharashtra, India T: + 91- 22 2 7707623 M: + 91-9867612368 E Mail : nataraja.foundation@gmail.com ( Enquiries pertaining to the Indian Education Megaproject ) Lab@mumbaimegaproject.com ( Enquiries pertaining to the Mumbai Megaproject ) Nataraja Foundation Charity Registration No. E – 24721 ( Mumbai ) Cover image : Collage based on generic pictures available on the internet. Link to the source of the pictures is provided on the website. Designed , typeset and printed in India by “ The Planning and Design Lab “.
  • 3. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 3 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 Table Of Contents 1. Executive Summary 2. 3. 4. 5. 6. 7. 8. 9. The Game Changing Role Of The Judges Of The Mumbai High Court Project details will be shared with interested parties after signing of confidentiality agreement, payment of prescribed fees and signing of the initial project agreement.
  • 4. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 4 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 About the Authors Amrita Puntambekar is a designer with “The Planning and Design Lab”. She has detailed many of the concepts as regards the social equity dimensions of the Mumbai Megaproject. She leads the Nataraja Foundations initiatives on women’s issues and particularly children’s education. She is also an associate fellow at the Nataraja Foundation and a consultant for its various projects. Amrita is a freelance artist and specializes in watercolour. She is a post graduate in commerce and lives in Mumbai. Ashish Puntambekar is a Mumbai based , corporate planner and infrastructure project designer. He has 20 years of experience in designing some of India’s largest infrastructure projects, the most notable and recent of which is the Indian Education Megaproject. The Education Megaproject is a plan to provide high quality education , totally free of cost to 126 Million children, 80 % of who live in rural areas and come from the poorest families. Please visit : http://www.nataraja.org.in/masseducationproject.htm As a designer , Ashish believes in Gandhiji’s vision of “ Sarvodaya “( i.e the rise of all ) and his project designs therefore focus on including the excluded among the masses . All his projects also have huge environmental dividends in that they are designed for sustainability while also deploying environmentally friendly building materials on a massive scale. Each project’s financial design also frees up large capital resources for afforestation schemes and for wildlife preservation. The Mumbai Megaproject for instance provides US $ 300 Million for Mangroves and another US $ 1.5 Billion for the planting of dense forests in Maharashtra. Employment generation is also high on the design agenda. This is witnessed by the fact that the above mentioned two projects , alone will add 10 Million new jobs in India. Besides designing large infrastructure and clean energy projects, the designer is also keenly interested in the geopolitics of petroleum ( several published articles ) and has expert level knowledge in the energy business and especially the price of crude oil which he has traded as a derivative trader on all the worlds major exchanges and OTC markets for over 5 years. He currently works as a project designer and also runs a private foundation, named the Nataraja Foundation, with a mandate to innovate on an unprecedented level in the areas of Social Infrastructure, Urban Planning and Clean Energy. Ashish holds an MBA in international business and a bachelors degree in Mechanical Engineering.
  • 5. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 5 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 Acknowledgments The Mumbai Megaproject is a scheme in the interest of the Millions of citizens of Mumbai City and the 112 million inhabitants of Maharashtra. It is also a landmark project to safeguard the ecology and sustain a vast marine ecosystem around Mumbai. The project proposal itself is an exercise in the public interest and for the consideration of the State and Union Governments. In a project proposal as wide-ranging as this with its 22 different themes, the project designers have received much help from others, starting with FICCI-FLO and Deutsche Bank who organized and sponsored the seminar in Sept ’ 2011 at the YB Chavan Center at Nariman Point in Mumbai. While the Marco concepts and large project ideas are our own, several Individuals have contributed by providing comments on draft chapters. A few senior specialists with vast experience in project planning and execution have reviewed the whole report consisting of 22 different themes + 2 project control specifications and have provided their inputs. Some contributed in terms of ideas while others provided critical cost estimates for the various schemes within the Megaproject. It is not possible to thank everyone by naming them as one cannot rank their ideas on the basis of relative criticality or importance. We have also borrowed ideas and concepts from other projects implemented around the world such as the palm islands in Dubai, The Semakau offshore landfill in Singapore, The Chunnel tunnel that connects the UK with France, The Cheonggyechon river re-development (Seoul, South Korea), Besos river ( Spain ), The Sabarmati river re-development project in Ahmedabad, The Coral Reef Alliance’s Bio Rock technology implementations around the world etc. In including these projects we acknowledge their thought leadership and would like to learn from their implementation experience. Each borrowed concept is acknowledged by source and at no point do we claim these fundamental concepts as our own. In fact we hope that the people and organizations involved in these earlier, path-breaking projects around the world see the opportunities in Mumbai and come here. The city will greatly benefit from their experience. Several friends have provided helpful guidance as we edited the final text for publication. We have also taken a number of generic pictures from the internet and have used graphics and material for tables from various published sources and while doing so, we have taken care to quote our sources for numbers and opinions expressed by various parties in the public domain. It is important to state here that the cost estimates within the Megaproject’s reports have been arrived at after seeking relevant advice from experts. These are however indicative costs based on current industry practices and projects commissioned within the last 3 – 5 years in India and around the world. Based on all these inputs, we have modified the concepts in a manner that fits Mumbai’s unique requirements. This cross fertilization of ideas across industries has been our own and it is this that makes the Mumbai Megaproject unique. The estimates are critically linked to project execution structures specified in each case to achieve the most efficient project schedule and least possible cost. The project configurations and the scope of work considered in each sub-project also have had a major impact on cost and these costs could vary if project scope is changed significantly. Finally, the authors take sole responsibility for any errors or omissions regarding opinions expressed and conclusions drawn from the various studies within the Megaproject proposals.
  • 6. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 6 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 1. Executive Summary The Mumbai Megaproject has developed a detailed conceptual plan and an execution schematic backed by a large financing scheme to create six new universities as centers of excellence in the Mumbai Metropolitan Region. These six new institutions will serve as development control centers for 36 other regional hubs of higher education across Maharashtra. The plan is based on the following rationale and has been designed to reduce the brain drain that is currently happening in Maharashtra. Huge Decline of University Education in Maharashtra One of the most worrying things about Mumbai and Maharashtra is the huge decline of higher education that has occurred over the last three decades not just in Mumbai but across the state. The decline of higher education in Mumbai is very apparent when we see what has happened to Mumbai University, India’s second oldest university which has approximately 600 colleges affiliated to it. The situation in Mumbai University is extremely serious. Over 200 faculty positions are vacant while the number of students has risen. The University Grants Commission (UGC) committee has recently recommended that the central government should take over the university. Given the fact that Mumbai University is Maharashtra’s premier university, we believe that problems in this university has very serious implications for the future of Maharashtra’s economy. Educated Marathi Manoos Leaving Maharashtra The most serious implication is that the Marathi Manoos … is leaving the state for higher studies … never to return. A recent study by IIM Bangalore has found a 256 % rise in Indian students going abroad for higher studies for India as a whole. Given the serious condition of mumbai university, the IIM Bangalore study is also indicative of the brain drain happening from Maharashtra. The Mumbai Megaproject Second Edition Mumbai As A Magnet For New Universities
  • 7. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 7 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 This explains the fact that the number of Maharashtrians in Mumbai, India’s financial capital has declined considerably and one of the primary reasons for this appears to be the huge decline in university education in Mumbai city and in districts across Maharashtra. The situation is worrying because it appears that students from the interiors of Maharashtra whose natural destination would normally be Mumbai or Pune are now going to other states or abroad. What’s even worse is that given the extremely poor infrastructure in Mumbai , they are preferring to even settle down in other cities in India or abroad. This has huge implications for the future of Maharashtra’s Economy. The Megaproject Plan … Mumbai As A Magnet For Universities It is observed that around the world, the largest cities and urban centers such as London and New York have a larger than normal number of Universities within city limits. London has 40 world class higher education institutions while New York city has several dozen of them. There is a proper economic rationale for having Institutes such as London School of Economics, The London Business School, Kings College or the University of Arts in a large city. New York and London look at universities and institutes of higher learning as anchor institutions around which the whole economy revolves. Urban universities in the United States for example spend US $ 136 Billion each year ( more than 6.3 lakh crores ) on salaries, goods and services which is more than nine times what the US federal government spends on jobs and economic development ( according to a 2002 study by the CEO’s for cities ). It may also surprise Mumbaikars to know that just the international students studying in the 40 Institutes of higher learning in London bring in US $ 2.89 Billion in revenue which is more than all the 4500 industries operating in the Thane Belapur Industrial belt in the Mumbai Metropolitan Region put together. If we take the GDP Impact of all the students studying at the 40 Institutions in London, the numbers will be much larger. Universities also add tremendous economic value . A recent ( 2011 ) study has shown Stanford University’s alumni generate US $ 2.7 Trillion of value annually through the companies that have set up around the world. Similar is the case with MIT whose graduates generate US $ 2 Trillion in business value each year through organizations they have set up.
  • 8. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 8 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 The Megaproject therefore asks “ What are smoke stack industries doing in Mumbai ? ” Its an important question. Details of the university cluster plan for Maharashtra together with its financing plan will be shared with prospective project partners and government after going through a legally recognized and properly documented process. Ashish Puntambekar Project Designer The Planning and Design Lab Projects The Mumbai Megaproject & The Indian Education Megaproject ... High quality Education to 126 Million Children Totally Free of cost Contact Details : ashish@mumbaimegaproject.com ashish.puntambekar@gmail.com
  • 9. MUMBAI AS A MAGNET FOR NEW UNIVERSITIES Page 9 of 9 28 th Mar ‘ 2013 The Planning and Design Lab Rev 02 NOTE This document is protected by Indian Copyright Law. Please specifically quote your source while referring to the text / material presented herein, to avoid legal action. Pictures used within this document have been taken from the internet. They are therefore representative and not necessarily from a location in Mumbai or Maharashtra. The pictures used are generic and we have provided a link on the website ( to be updated from time to time ) where we have identified the source of the pictures. In case of any oversight on our part, please let us know and we will immediately rectify the matter.