The University has planned five more Schools of Linguistics and Literature; Buddhist Studies; Philosophy and Comparative Religions; Economics and Management; International Relations and Peace Studies; and Information Science and Technology. Teaching in all the schools is planned to commence by the academic year 2017-18. The University would have about 500 faculty and staff and offer postgraduate and research degrees to around 2450 students from across the world. The Government of India has lined up Rs. 2727 crores for its capital and recurring expenses till 2021-22.

Meanwhile, a modern world-class campus is coming up at Rajgir with a major approach road from Patna. The Ministry of External Affairs has modified its earlier decision to establish the premier School of International Relations and Peace Studies at New Delhi. Accordingly, all the seven planned schools of the University are being set up in an integrated campus of Nalanda University, which has been designed to recapture the historical ambience of the ancient Nalanda University.
The Nalanda University, an international university, is intended to revive and showcase the ancient seat of scholastic learning, education and the civilisational strength of India’s cultural glory and how it postulated peace and non-violence. It’s founding Mentor and Chancellor, Nobel Laureate, Prof. (Dr) Amartya Sen resigned earlier in 2015 following differences with the new Central Government. His tenure was to end in July 2015. Meanwhile, the Government in the MEA announced on May 30, 2015 the former Foreign Minister of Singapore George Yeo, as the new Chancellor of Nalanda University to succeed Amartya Sen. Mr. Yeo has been the driving force of the University since its inception. With this appointment, India has reiterated its resolve to maintain international character of the University.

The MEA has been working closely with the East Asia Summit (EAS) nations and other partners to strengthen the international nature of the University. The Government of India’s offer of six scholarships to students from Cambodia, Laos, Myanmar and Vietnam has been approved at EAS Ministerial Meeting in Nay Pyi Taw, Myanmar in August 2014. Vietnam became the eleventh EAS country to join in the establishment of Nalanda University. Two non-EAS countries, Bangladesh and Bhutan, became partners of the Nalanda University in 2014.

Australia has provided a grant of AS $ 1 million to establish a Chair in the School of Ecology and Environment Studies. Japan has committed ODA loans for the improvement of the main approach roads to the University. Singapore has committed to the establishment of the Nalanda University Library. Earlier, China, Thailand and Laos made contributions to the University. Japan, China and Republic of Korea have also proposed academic collaboration with the University.

The architects M/s Shilpa Consultants are overseeing the first phase of construction of the University’s main campus located in the vicinity of the ancient Nalanda University since May 2014. Preliminary works on the site have begun. Several new Statutes of the University have also been notified.