Making the case for this initiative, Shail Kumar, Founder & President, Nalanda 2.0, said, "Great nations, states, and cities are powered by a world-class higher education system. The United States has 135 universities in the Top 500 of global rankings, China: 45, South Korea: 12, California: 12, Silicon Valley: 3, and Singapore: 2. In the same rankings India has just one university in the Top 500. Even after 70 years of independence, India does not have even one world-class multidisciplinary research university. India needs 100 such universities. It is time to build at least one university with the scale, scope and level of excellence and impact as Nalanda University of ancient India and Stanford University of the 21st century."