A news report published on IBN Live notes:
The Yash Birla Group will set up a world-class sports university near Hyderabad with an investment of Rs 2,000 crore. The university, spread across 450 acres within 100 km radius of Hyderabad, will train sportspersons from childhood. The group signed three MoUs with the Andhra Pradesh government for total investment of Rs 13,000 crore in three different projects, during the Partnership Summit 2012.
Yash Birla, Chairman, Yash Birla Group, told reporters after signing the MoUs with Chief Minister Kiran Kumar Reddy that Birla Education Limited would build the sports university. He said all sporting and education facilities would be provided under one roof, and that he plans to rope in sport companies like Nike and Reebok as partners in running the university.
This is a good initiative by the Yash Birla Group that would help in the growth of the sporting community in India. Meanwhile, the area around Hyderabad where the project is going to be set-up can expect to see some upward price movement in real estate.