Foreign Education Regulatory Bill Buzzing High For Local Education

Every student wishes to earn a certificate from foreign destination during his academic tenure. Students have always an aspiration to hold the degree from colleges and universities based in UK or US.

Though, there might be some strata to prove that such opportunities are losing their hopes, yet the University Grants Commission’s (UGC) ordinance on the Foreign Education Regulatory Bill certainly is a relief.

Students in our country may be reluctant to pay a visit to foreign land for their degrees but with the Bill, some hopes have cropped up to fulfil the same being still residing at one’s home country only. As per the ordinance say, foreign universities will have their own base and functioning in India which will certainly have lesser amount in comparison with that of dollar. This way it will be a helpful step for the Indian students.

Speaking on the same, Debashish Sanyal, dean, Narsee Monjee Institute of Management Studies says, “Pursuing higher education abroad comes with an exorbitant price, if foreign universities open campuses in India, fees will be paid in rupees and not dollars proving beneficial for Indian students.”

Though there still remains a realisation part to it, debates have already taken the floor. Suresh Advani, chairperson, international operations, SP Jain Institute of Management and Research agrees. “If grade A institutions set up campuses in the country, it will only prove to be beneficial to all—students and faculty members.”

The PRS Lesgislative Research website comes with a discussion platform for the 2010 Bill questions asking for the willing parties of foreign collaborators ready to set up their branches in India or not.

Majority of the important organisations in India are headed by politicians and high socialities, under this impression if the outsiders do really want to go for partnership tenure.

In addition to that, these foreign education providers will have to maintain a corpus fund of about Rs 50 crores, of which almost 75% of any income generated has to be utilised in developing the institute’s Indian campus and the rest has to be invested back in the fund.

As per the study conducted by Association of Indian Universities (AIU), it says that there are 631 Foreign Education Providers who were operating in the country, with 440 functioning from their respective home campuses. While 5 had opened their own campus in India, 60 had programmatic collaboration with local institutions and 49 were operating under twinning arrangements and 77 were under others.

Indian students do cover the maximum percentage in international students studying in U.S. But again the bill having lot of reservations and restrictions will only arise a question as if how many organisations will come down to the country willingly and set up a base of their own. Though countrymen and academicians seem to be hopeful for the same, the policy work will certainly take more time to materialise.