MUMBAI UNIVERSITY INCLUDES MARKET LISTING IN ITS STUDIES

By Joe Leahy in Mumbai and Jon Boone in London Tuesday, April 17, 2007

In what appears to be a world first for a traditional university, the 150-year-old University of Mumbai is looking at a stock market listing.

The state-funded institution expects to release in six months a final report on a plan that will highlight the shortage of funding for high-quality education in India's overloaded university system.

Vijay Khole, the university's vice-chancellor, said funds were needed for new facilities and “centres of excellence” for research. “If we have good ideas we need money to implement those ideas,” he said.