The new campus build at a plot of 17 acres will have full research facilities and would also offer undergraduate, post-graduate and PhD courses on microbiology and biotechnology, College principal Father Felix Raj said.
"The focus of all our research activities would be community development. All research has to benefit the people," he told PTI, adding that they would collaborate with industries and industry bodies like CII and FICCI so that the projects are linked with the market.
"We have already collected Rs 50 crore from the alumni network and as donations from other industrialists," he said while pointing out that the contributors have chosen to remain anonymous.
The alumni association is initiating 'Project Lakshya' where each contributor donates a minimum Rs 1 lakh to college funds.
Ranked amongst the top colleges in the country, St Xavier's, which has sought university tag, has been allowed autonomous status, besides the power to award degrees.
In three years' time, the new campus would open its doors for students in the first phase, while the construction would be fully complete by 2019.
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