KOLKATA: The news of the introduction of foreign direct investment in higher education has kindled hope for a turnaround in the sector. A greater financial flow can boost research and development, help hire good teachers and introduce courses matching market requirements.
The government will, however, have to put in place a regulatory mechanism and mention the clearances required for the investments. “The FDI will be a shot in the arm for higher education institutes that can upgrade themselves to world-class standards. It will also aid research and development and encourage technological innovations,” said Pradeep Chopra, chairman of iLead University.
Many meritorious students leave the country for higher studies, dealing a double blow to domestic institutions as well as the economy. FDI is likely to solve the problem to a large extent. “We need a massive investment to boost infrastructure and remove financial constraints in the sector. With adequate flow of funds, universities can set up facilities to nurture talents,” said Dhrubajyoti Chattopadhyay, Amity University VC.
Other announcements by finance minister Nirmala Sitharaman also invited praises. “The increase in the outlay for higher education this year sends a signal that the sector is on the priority list. It will renew focus on student entrepreneurship and internship,” said Meghdut RoyChowdhury, director, global operations, Techno India Group. Sardar Taranjit Singh, JIS Group MD said, “For innovations and better teachers, we need higher financial inflow. We can set up advanced labs, aimed at exchange programmes.”
The government will, however, have to put in place a regulatory mechanism and mention the clearances required for the investments. “The FDI will be a shot in the arm for higher education institutes that can upgrade themselves to world-class standards. It will also aid research and development and encourage technological innovations,” said Pradeep Chopra, chairman of iLead University.
Many meritorious students leave the country for higher studies, dealing a double blow to domestic institutions as well as the economy. FDI is likely to solve the problem to a large extent. “We need a massive investment to boost infrastructure and remove financial constraints in the sector. With adequate flow of funds, universities can set up facilities to nurture talents,” said Dhrubajyoti Chattopadhyay, Amity University VC.
Other announcements by finance minister Nirmala Sitharaman also invited praises. “The increase in the outlay for higher education this year sends a signal that the sector is on the priority list. It will renew focus on student entrepreneurship and internship,” said Meghdut RoyChowdhury, director, global operations, Techno India Group. Sardar Taranjit Singh, JIS Group MD said, “For innovations and better teachers, we need higher financial inflow. We can set up advanced labs, aimed at exchange programmes.”
Get the app