The Ministry of Human Resource Development (MHRD) will revise terms related to minimum investment of Rs 50 crore required to set up campus in India by any foreign institutions. Earlier as per the Foreign Education Bill the minimum corpus required was Rs 50 crore, now the corpus fund required will get lowered to allow increased participating from overseas education providers.
A diversified pool of Overseas Institutions has expressed interest to set up campuses in India which include community colleges, vocational training institutions, professional colleges, general education institutions and medical institutions.
Lead Institutes & Universities which expressed interest to operate in India are Massachusetts Institute of Technology, Yale University, Virginia Tech, Columbia University, University of Southern California and University of Alabama said the report by Business Standard.
While few others are of the view to prevent entry for foreign varsities the bill produced in the parliament has come clean in favor of allowing foreign education bodies to set up campuses in India.
Students seeking global education no longer need flying to west as top universities across the globe are making an entry in India.Earlier we have reported about the entry of Schulich School of Business entry into India (Hyderabad) more players are likely to set up campuses soon in India.
What do you think? Will this make a difference and help improving quality of education in India. Share your thoughts!
Source: Business Standard
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