President Mahinda Rajapaksa is slated to visit India later this month to participate in a ceremony to lay a foundation stone for the centre on Buddhist studies.
The President will lay the foundation stone for the Sanchi University for Buddhist Studies in Sanchi on the 21st of September.
Bhutanese Prime Minister Jigme Thinley and the Leader of the Opposition in Indian Lok Sabha Sushma Swaraj will also join President Rajapaksa.
The event is part of the celebrations to mark the 2600th Sambuddhathwa Jayanthi anniversary.
The establishment of the proposed University will be a joint venture involving the governments of India & Sri Lanka, the Madhya Pradesh state government, and the Maha Bodhi society.
According to sources, President Rajapaksa is likely to travel to New Delhi during the visit to hold talks with Prime Minister Manmohan Singh and other leaders.