Cabinet nod for foreign universities to set up campuses
Big Leap in Field 0f Higher Education
The country just took a big step for dramatically enhancing the profile of higher education in the country. On 15th March, 2010, the Union cabinet cleared the Foreign Educational Institutions (regulation of entry and operation) Bill, which aims to allow foreign universities to set up campuses in India. Kapil Sibal, HRD Minister said “ A large revolution than ever in the telecom sector awaits us”
The bill, which was adopted without changes, is expected to be introduced in Parliament after the recess of the budget session. If cleared, this would be widening the definition of FDI in higher education and is expected to not only shake up the market but also throw up possibilities for top Indian teachers.
While the bill will be opposed by the Left, it shouldn’t face any serious obstacle in Parliament because the BJP is also in favour of the move, even if it were raise some objections on a provision or two of the bill.
Once it is cleared some of the top foreign universities, said to be waiting in the wings, are expected to set up campuses in India. The Atlanta based Georgia Tech University has already bought 250 acres in Hyderabad. Although Yale University is interested in having a presence in India, and welcomed the cabinet clearance.
World’s Best At Your Doorstep
- No caste quotas in Indian campuses of foreign univs, will be free to set fees and decide admission process
- Foreign univers will have to deposit
50cr as corpus fund to set up campus - Profits from educational activities cant be taken out of India
Top Dollar for Teachers
Teachers in India’s leading institutes will be in demand, likely to see surge in salaries.
At $1547 (2008 PPP), India has amongst lowest average salaries for academics, compared to Saudi Arabia’s 6611, Canada’s 6548 and US’s 5816.
Waiting in Wings
Ready to invest in India
- Imperial College (UK)
- Duke College (UK)
- Georgia Tech (US)
- Schulich Business School (Canada- York University)
Cabinet nod for foreign universities to set up campuses
Big Leap In Field Of Higher Education
The country just took a big step for dramatically enhancing the profile of higher education in the country. On 15th March, 2010, the Union cabinet cleared the Foreign Educational Institutions (regulation of entry and operation) Bill, which aims to allow foreign universities to set up campuses in India. Kapil Sibal, HRD Minister said “ A large revolution than ever in the telecom sector awaits us”
The bill, which was adopted without changes, is expected to be introduced in Parliament after the recess of the budget session. If cleared, this would be widening the definition of FDI in higher education and is expected to not only shake up the market but also throw up possibilities for top Indian teachers.
While the bill will be opposed by the Left, it shouldn’t face any serious obstacle in Parliament because the BJP is also in favour of the move, even if it were raise some objections on a provision or two of the bill.
Once it is cleared some of the top foreign universities, said to be waiting in the wings, are expected to set up campuses in India. The Atlanta based Georgia Tech University has already bought 250 acres in Hyderabad. Although Yale University is interested in having a presence in India, and welcomed the cabinet clearance.
World’s Best At Your Doorstep
- No caste quotas in Indian campuses of foreign univs, will be free to set fees and decide admission process
- Foreign univers will have to deposit 50cr as corpus fund to set up campus
- Profits from educational activities cant be taken out of India
Top Dollar for Teachers
Teachers in India’s leading institutes will be in demand, likely to see surge in salaries.
At $1547 (2008 PPP), India has amongst lowest average salaries for academics, compared to Saudi Arabia’s 6611, Canada’s 6548 and US’s 5816.
Waiting in Wings
Ready to invest in India
- Imperial College (UK)
- Duke College (UK)
- Georgia Tech (US)
- Schulich Business School (Canada- York University)
