Corpsec Hotline
February 06, 2007
Overseas Universities to Set Up Campuses in India with FDI Up To 50% in Higher Education

The group of ministers (“GoM”) has, in its meeting held on February 5, 2007, recommended 50% Foreign Direct Investment (“FDI”) in higher education, paving the way for overseas universities to set up campuses in India, in partnership with local institutions.

The GoM has suggested that only well recognized and established universities from both India and abroad should be allowed to set up campuses in India. The Government and the private universities, including deemed universities, would be allowed to forge alliances with overseas players.

To give effect to the proposed FDI in education sector, an amendment may be required to the University Grants Commissions Act, 1956. Also, a separate bill by the name of  'Foreign Education Providers (Regulation) Bill is under consideration which would enable the foreign universities to set up  campuses in India. The proposed bill,  when approved by the cabinet and passed as law, will grant deemed university status to the foreign institutions.

FDI in foreign education may be facilitated through the Regulation of Foreign University Entry and Operation (Maintenance of Quality and Prevention of Commercialization) Bill.

Source: The Financial Express dated 6-2-2007.

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The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

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Corpsec Hotline

February 06, 2007

Overseas Universities to Set Up Campuses in India with FDI Up To 50% in Higher Education

The group of ministers (“GoM”) has, in its meeting held on February 5, 2007, recommended 50% Foreign Direct Investment (“FDI”) in higher education, paving the way for overseas universities to set up campuses in India, in partnership with local institutions.

The GoM has suggested that only well recognized and established universities from both India and abroad should be allowed to set up campuses in India. The Government and the private universities, including deemed universities, would be allowed to forge alliances with overseas players.

To give effect to the proposed FDI in education sector, an amendment may be required to the University Grants Commissions Act, 1956. Also, a separate bill by the name of  'Foreign Education Providers (Regulation) Bill is under consideration which would enable the foreign universities to set up  campuses in India. The proposed bill,  when approved by the cabinet and passed as law, will grant deemed university status to the foreign institutions.

FDI in foreign education may be facilitated through the Regulation of Foreign University Entry and Operation (Maintenance of Quality and Prevention of Commercialization) Bill.

Source: The Financial Express dated 6-2-2007.

You can direct your queries or comments to the authors

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.