#RILAGM | 'Pleased to announce that Jio Institute is all set to commence academic sessions at their campus in Navi Mumbai this year itself,' Nita Ambani says at the 44th #RelianceAGM pic.twitter.com/0hBHUdGF58— CNBC-TV18 (@CNBCTV18Live) June 24, 2021
Reliance Foundation’s proposed multidisciplinary university, Jio Institute will begin operations this year.
Nita Ambani, founder and chairperson, Reliance Foundation announced,
"despite the pandemic, I am pleased to announce that Jio Institute is all set to commence academic sessions at their campus in Navi Mumbai this year itself," at the 44th annual general meeting (AGM) of Reliance Industries (RIL).
"We have worked very hard through these challenging times, to bring our dream project – the Jio Institute – to life! Jio Institute is envisioned to be an exemplary academic institution with a world-class platform for research, innovation, and lifelong learning. It will prepare the next generation of global leaders who will significantly contribute to the advancement of India and the world," she added.
Jio Institute was declared an Institute of Eminence (IoE) by the Narendra Modi government. It was awarded the IoE status in 2018 under the ‘Greenfield’ category, meant for new or proposed institutions that are yet to come into existence.
It was given a letter of intent at the time and was given time until July 2021 to establish itself and submit a readiness report to the government.
(Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.)