A Platform where Corporate Leaders and Academicians Converge: Krea University

Raghuram Rajan’s idea is centered on learning to respect universities as places where ideas are debated. Krea University is a platform, where the corporate world and academia can merge.

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A Platform where Corporate Leaders and Academicians Converge Krea University
A Platform where Corporate Leaders and Academicians Converge : Krea University
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A platform, where the corporate world and academia can merge is a new private university coming up in Andhra Pradesh, named Krea University. The supporters of this high-profile university include elite academicians such as Manjul Bhargava, John Etchemendy, and Raghuram Rajan. The industrialists include Anand Mahindra, Sajjan Jindal, Anu Aga, and Kiran Mazumdar Shaw. R. Seshasayee, chairperson of the supervisory board of the new university set to open admissions in November 2018 (for the academic year starting in July 2019) said, “The name signifies the interwoven nature of Krea’s goals: creativity and action.”

The university will come in Sri City, Andhra Pradesh, which is nearby to Chennai. The curriculum of Krea will be a combination of liberal science and arts with an aim to bring best of Western and Eastern streams of creative science and thought. “Our focus is on interwoven learning and high-powered individuals who will create impact,” said Mr. Seshasayee.

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The amount spent on the first phase of setting up Krea University is around Rs.750 crore. There have been pledges by the corporate houses for supporting the initiative with a contribution up to 70-80 percent of the amount.

The honors degree will be offered by this university in science and arts. The first batch will commence in July 2019.

Defending corporates who are accused of not speaking freely on issues, the Mahindra and Mahindra chairman said, “I am paid by my shareholders. They do not pay me to court controversy. They certainly want me to make money. If I give up my business and retire, I’m going to say what the hell I like.”

“That’s why universities are important…because they are safe houses because nobody can attack them because, by the act of helping them or sponsoring them, you do create conversations in society. No one can attack a university for doing that,” he added.

Raghuram Rajan has emphasized the need of nurturing the idea for discussion and debate. “We need to learn to respect universities as places where ideas are debated,” he said.