The Hindu
News Update Service
Saturday, July 2, 2005 : 0345 Hrs

AP to give 100 acres to Aga Khan foundation

Hyderabad, Jul 2. (PTI): Andhra Pradesh government on Friday decided to provide 100 acres of land free of cost to Aga Khan Foundation for setting up a Center of Excellence and a string of educational institutions on the city outskirts.

The decision was taken at a meeting of the state cabinet chaired by Chief Minister Y S Rajasekhar Reddy here.

The land would be provided near the proposed international airport at Shamshabad where Aga Khan Foundation would set up international standard educational institutions with an estimated investment of Rs 1,000 crore, the state Information Minister Mohammad Ali Shabbir told reporters.

Apart from providing the land, the government would also sanction concessions including stamp duty exemption for the prestigious venture, he added.