Oxford University are set to establish a new business school in India, it emerged on Friday. The project will allow researchers to draw on resources, creating a collaborative educational environment.Chris Patten, who made the announcement in New Dehli while speaking at a Higher Education summit, said: "Our business school is aiming to establish an Indian business centre as a focus for the study of business issues in your country. We are hoping to work closely so that the entire research we promote is focused on actual Indian priorities and needs." More than £23 million will be invested into the project over the next five years, giving both India and England stronger research links between centres of excellence, as well as more support for post-graduates.