NITI Aayog has submitted a report to Prime Minister’s Office (PMO) and Ministry of Human Resource Development (MHRD), urging them to invite foreign universities to set up campuses in India.
According to ‘The Indian Express’ report, it has suggested three routes to allow entry of foreign education providers: a new regulation to regulate the operation of such universities in India; a modification to the UGC Act of 1956 and deemed university regulations to allow them in as deemed universities; and, simplifying their entry by change UGC and AICTE regulations on twinning arrangements between Indian and foreign institutions to permit joint ventures.
“India stands to gain from setting up of foreign universities in terms of availability of resources both human and financial, state-of-the-art teaching methodology, research and innovation… Capital expenditure in the cost of setting up an institution is high and land and buildings are also a major issue.
Entry of foreign universities and leveraging FDI will offset some of these costs,” the report states.
Prime Minister Narendra Modi, last year had asked NITI Aayog to study all reports related to setting up of foreign universities and reasons on why it could not move forward.
PM had also called a meeting of senior bureaucrats in June 2015 to discuss the viability of encouraging top foreign education providers.
Issue is also one of the points for the new education policy which will be uncovered this year.
Proposal, incidentally, was backed by several state governments including Maharashtra, Punjab, Haryana and Jammu & Kashmir where the BJP is in power.