The Queensland University of Technology (QUT) in Australia, which has awarded Amitabh Bachchan an honorary doctorate, will launch a Students Exchange Programme in the name of the megastar's father, the late Harivansh Rai Bachchan.

"And today an inauguration of a student exchange Bursary in my Father's name between India and Australia .. Proud !!" Big B posted on his twitter page Friday.

"Back from another emotional ceremony at creative arts faculty of QUT, where the Students Travel Bursary inaugurated in Father's name," he posted.

This is another proud moment for the 69-year-old star.

"It will be called Dr Harivansh Rai Bachchan Travel Bursary of the QUT .. it will be permanent ..moment of great pride for family !!" he posted.

"This travel bursary shall organise exchange of Australian-Indian students to each others country to spend time in education institutes," he posted.

Amitabh was in Australia for director Baz Luhrman's latest production "The Great Gatsby" at Fox Studios in Sydney, alongside Leonardo Di Caprio, Tobey Maguire and Joel Edgerton.