"It will be a space where faculty and students can collaborate on innovative projects. It will be an educational empowerment zone," he said.
"As a result of that collaboration, the Complex will be a place where dreams will begin and students will develop the requisite knowledge, skills and abilities to realise them," Islam added.
Speaking of his role in developing stronger people-to-people ties between the US and India, Islam said he hopes "to be a strong advocate for increased attention to addressing the educational needs of minorities and those in the weaker sections in India."
"I will also focus time and attention to the development and support of new entrepreneurs and making the connection between American businesses and investors and those interested in starting new businesses."
Islam also called "attention to need for increased constructive civic engagement by those with the capacity and competence to be difference makers."
This would "ensure that these two strong democracies are places where freedom, equal rights, and equality of opportunity regardless of sex, race or religion are true in reality and not just in rhetoric."
Asked how he saw India-US relations growing under President Donald Trump, Islam said former President Barack Obama saw the US and India as "indispensable partners".
However, Islam firmly believes that Trump "administration will broaden and strengthen and deepen our engagement with India as US-India relationship had bipartisan support".
Read: More updates on Aligarh Muslim University
Islam currently heads the FI Investment Group, a private investment holding company. He founded the QSS Group, an information technology firm in 1994 and built it from one employee to more than 2,000 employees and revenues of approximately $300 million before its sale in 2007.
Click here for more Education News
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.