The first World Buddhist Summit held in Lumbini from 30th November to 2nd December,1998 organized by Lumbini Development Trust, proposed to establish an International Buddhist University in Lumbini, the birthplace of Gautam Buddha, to impart standard education on Buddhist Philosophy, Literature and Culture, etc.. Subsequently the Lumbini Declaration, issued on the concluding day of the Summit, requested the Nepal Government to take immediate action in this direction. Accordingly, Lumbini Development Trust constituted a seven-member Preparatory Committee with Prof. Dr. Tulasi Ram Vaidya as convener and Ven. Sudarshan Mahasthavir, Ven. Ngawang Hoser Lama, Rev. Pt. Badri Ratna Bajracharya, Prof. Mohan Prasad Lohani, Prof. Tri Ratna Manandhar and Mr. Min Bahadur Shakya as members.
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