Kochi: Leading education group Jain has announced the launch of a new multidisciplinary private university in Kerala. The announcement was made at the Invest Kerala Global Summit which concluded at the Lulu Bolgatty International Convention Centre in Kochi on Saturday.

The decision to establish a new university follows the Cabinet giving the nod to the Kerala State Private University Act. The group said the new law aligns with its  "Future Kerala Mission" which was inspired by the Summit of Future organised by Jain, deemed to be a University, in Kochi last month.

The new varsity, to be named Jain Global University, will be headquartered in Kozhikode, with proposed campuses in Thiruvananthapuram, Kottayam, Thrissur, and Kannur. The institution will be established with an initial investment of ₹350 crore.

"The Future Kerala Mission is an initiative aimed at making Kerala a better place to live by strengthening research-driven education, entrepreneurship, employability and youth empowerment," the Jain Group said in a statement.

Jain Group of Institutions Chancellor Dr Chenraj Roychand stated that Kerala is placing more emphasis on ensuring world-class education within the state for those who aim to pursue excellent education and move to foreign countries or other states.

"Since 2019, Jain University has been operating in Kochi. Along with this, the  Jain Global University and its off-campuses will bring about significant changes in Kerala's education sector," said Dr Tom Joseph, Director of New Initiatives at Jain University.