FDI in Education

To attract foreign investment in the education sector, the government needs to clear the foreign universities Bill but it also needs to amend and align the way different arms of the government treat foreign direct investment(FDI) in the education sector. Also, different wings of the government prescribe different things. The Department of Industrial Policy and Promotion (DIPP) says 100 per cent foreign investment is permitted in the education sector. This is one arm of government. Then, the AICTE (All India Council of Technical Education) Act says no foreign investment is allowed, directly or indirectly, in setting up a technical institute in the country. So, FDI is out. The University Grants Commission (UGC), a third aspect, simply does not recognise foreign universities, so that rules out foreign investment totally.

 

 

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