HomeNewsIndiaNo respite: Foreign educational institutes wait 8 years for an India campus nod

No respite: Foreign educational institutes wait 8 years for an India campus nod

The proposal to allow foreign institutes to set up campuses in India has been pending approval due to lack of consensus

November 03, 2018 / 14:15 IST
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Moneycontrol News

Eight years ago, foreign educational institutions anticipated the biggest change in the education policy in the country. The Foreign Educational (Regulations of Entry and Operations) Bill 2010 proposed to allow international institutes to enter India and set up campuses in the country. However, it has been a long wait since then because the law makers could not come to a consensus on the model.

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When the Bill was first formulated, it was anticipated that some of the Ivy League educational institutions from the United States would be keen to set up campuses in India. However, they clarified that they were not interested in setting up campuses outside their home location. Executive education or training senior management professionals was the only off-campus activity that they are keen on.

But several large institutions from Europe and Southeast Asia were keen to enter India. The demographic dividend and the fact that they could provide students with an opportunity to get a degree from abroad were the pitches they gave to real estate developers to get land at a cheap cost. Deals were struck even before an official confirmation was given on the law.