 The idea to resurrect Nalanda University was endorsed in 2007 at the East Asia Summit, represented mostly by Asian countries including China, Singapore, Japan, Malaysia and Vietnam, apart from Australia and New Zealand, and as such, the university is seen as one of the flagship projects of the Government of India.It has been designated as an "International Institution of National Importance" by the Parliament, and began its first academic session on 1 September 2014.Initially set up with temporary facilities in Rajgir, a modern campus spanning over 400 acres is expected to be finished by 2020.