Education Sector to Allow Foreign Investors

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Jul. 10 – The Indian government is considering opening the education industry for foreign education companies and other cross-border players, reports the Economic Times.

“We have to be mindful of the risks involved regarding the entry of ‘diploma mills’ and unscrupulous for-profit providers,” said Kapil Sibal, human resource development minister.

Mr. Sibal was at the United Nations Educational, Scientific and Cultural Organization (UNESCO) headquarters in Paris to make a keynote address at the plenary session of the World Conference on Higher Education. He asked the UNESCO to help member states to formulate standards of accreditation for higher education to improve and maintain the quality of education.

Higher education institutions in India have been struggling to maintain quality amid increasing demand. He said: “The huge gaps in access to higher education between regions and countries need to be narrowed but this is not possible without participation of private sector investments.” The country has a need for higher education that addresses the demands of not only the Indian economy but the world economy as well.