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To: Mohan Marette who wrote (10068)12/17/1999 10:22:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 12475
 
Cornell University plans agriculture foundation in India

Hyderabad: Cornell University, one of the United States' foremost educational institutions, proposes to set up a centre in India to promote farm-based rural development.

Ratan Tata, head of the Tata business empire, and N R Narayana Murthy, chief of information technology major Infosys Technologies, are expected to play a key role in the formation of the centre. While Tata is a former student of the Ithaca, New York-based university, Narayana Murthy, whose firm has seen the highest-ever growth in market capitalisation on the country's two major bourses, is said to be keenly interested in rural development.

Although the financial details of the project are yet to be worked out, it is seen as a welcome sign that India's economic liberalisation of the '90s is inducing foreign funds in areas other than those that involve industry and trade.

Kansas University, for example, has tied up with the Andhra Pradesh Agricultural University while, on a more commercial side, US-based Monsanto Enterprises Ltd has a research and development alliance with the Indian Institute of Science, Bangalore, on biotechnology and gene mapping.

"There is growing interest in funding bodies, domestic and off-shore, to invest in the Indian farm sector and food processing sector and they need to develop appropriate funding models," Business Standard newspaper quoted K V Raman, associate director of special projects at Cornell University, as saying.

To ascertain the right models on food chain management, Cornell plans to hold a 10-day seminar here beginning January 3, 2000. Leading corporate stakeholders and investors in agriculture are expected to take part in the programme that will charge Rs 100,000 as fee from each participant.

It is a measure of the interest in the sector that as many as 45 corporates have already registered to participate in the meeting, whose sponsors include Indian financial institution ICICI, Exim Bank of India, Rabo Bank of the Netherlands and US seed technology leader Cargill.

Apart from the focus on private sector management in the farm sector, Cornell University is also reportedly talking to Andhra Pradesh Agricultural University on a distance learning programme. Cornell, often referred to as "the global classroom" because of its major involvement in distance education, has offered Andhra University its "picture tell system" that takes advantage of the latest data communication programmes on the Internet.

India Abroad News Service