An anonymous reader writes "Nalanda University [http://en.wikipedia.org/wiki/Nalanda] — "one of the first great universities in recorded history" — an ancient Indian center of advanced learning (427-1193CE) that attracted pan-Asian scholars is planned to be resurrected by Indian Government through passage of a parliamentary bill. Nalanda Mentor Group has been constituted to which is headed by Nobel laureate Professor Amartya Sen. It will act as its Interim Governing Board.
The University was visited by Buddha Himself in His lifetime, and served as major center of Budhdhist teachings throughout its existence. It was finally sacked and its library burned down by Moghuls. The library is recorded to have burned for three months, with precious materials lost forever.
Read more at: http://www.ndtv.com/article/india/recreating-nalanda-an-indian-renaissance-46197?cp"