FDI in education: 200 int'l universities await govt nod
Published on Mon, Mar 15, 2010 at 22:20 | Source : CNBC-TV18
Updated at Tue, Mar 16, 2010 at 20:11
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FDI in education: 200 int'l universities await govt nod
The Cabinet today approved a long pending bill to allow the setting up of foreign universities in India. CNBC-TV18's Kritika Saxena reports on what does this mean for foreign universities and will this lead to an increase of corporates entering education.
The Cabinet today approved a long pending bill to allow the setting up of foreign universities in India. CNBC-TV18's Kritika Saxena reports on what does this mean for foreign universities and will this lead to an increase of corporates entering education.
The Cabinet today approved a legislation allowing the setting up of foreign universities in India. The bill will now be presented in Parliament shortly.
Sources say approval for up to 200 foreign universities is pending. The universities include Yale, Harvard, Oxford, and ColumbiaUniversity.
The process will take eight months to complete. The Human Resource Development Ministry will decide on the roadmap within this month.
Up to 20 universities are likely to be given clearance in the first round. Entry is likely to be through tie-ups with premier Indian institutions.
The entry of foreign universities is also possible through tie-up's with Indian companies. Companies like Reliance Industries, AB Nuvo, and the Anil Dhirubhai Ambani Group have been eyeing the education space.
