The Prime Minister on 19 June, 2024 inaugurated the new campus of Nalanda University, an international University, near the site of the ancient ruins of Nalanda in Rajgir, Bihar. The Parliament of India established the Nalanda University through the Nalanda University Act, 2010.

The Act formed the basis for implementing the decisions arrived at the second East Asia Summit (EAS) (Philippines, 2007) for the establishment of the university as an 'international institution for pursuit of intellectual, philosophical, historical and spiritual studies', and at the fourth East Asia Summit (Thailand, 2009). It started functioning in 2014 from a makeshift location. The construction work started in 2017. 

External Affairs Minister S Jaishankar and 17 Ambassadors from participating countries attended the event. Bihar Governor Rajendra Arlekar, Chief Minister Nitish Kumar, Deputy CMs Samrat Choudhary and Vijay Sinha were present at the event. Nalanda University Chancellor Arvind Panagariya and Interim Vice-Chancellor Abhay Kumar Singh were also present on the occasion.

Nalanda will once again become a major centre for cultural exchange and will be recognised as the most prominent knowledge centre in the world, PM Modi said.