India and Sri Lanka jointly propose to set up an International Buddhist University in Sanchi , Madhya Pradesh to boost cultural ties between the two countries.<br/> After a meeting with President Mahinda Rajapaksa, the visiting Chief Minister of Madhya Pradesh, Shivraj Singh Chauhan told the media in Colombo that the proposed Buddhist University will be set up in a 65 acre land in Sanchi, a World Heritage Site of Buddhism.<br/> The proposed University will be a joint venture involving the Indian and Sri Lankan Governments, the Madhya Pradesh state government, and the Mahabodhi society.<br/> President Rajapaksa had agreed to set up a steering committee comprising all relevant authorities to plan the set up of the university.<br/> Chief Minister Chauhan has said that the state government has decided to provide 25 million rupees for the purpose and would draw up the plans for setting up of the university soon.<br/> Buddhist countries like Japan and Korea are also proposed to be involved in affairs of the University to give it a comprehensive international status, Chauhan said.<br/> The Chief Minister invited President Rajapaksa and the Prime Minister DM Jayaratne to attend the Sri Lanka Week to be held in Sanchi.<br/>