100% FDI allowed under automatic route in educational institutions: Govt
According to the consolidated FDI Policy, 2017, the government has allowed Foreign Direct Investment (FDI) up to 100 percent under automatic route in the educational institutions, subject to applicable laws/sectoral rules/regulations/security conditions, Union Minister Satya Pal Singh said in a written to reply to a Rajya Sabha question.
Also, the University Grants Commission (UGC) and All India Council for Technical Education (AICTE) have issued regulations/guidelines on collaboration between Indian and foreign universities with a view to increase synergy between Indian and foreign academic institutions to offer students additional choices and to improve curriculum and the delivery of knowledge and educational content.
The UGC on 11 July 2016 has notified the UGC (Promotion and Maintenance of Standards of Academic Collaboration between Indian and Foreign Educational Institutions) Regulations, 2016, regarding collaboration between Indian higher educational institutions and foreign higher educational institutions.
The regulations are available at http://www.egazette.nic.in/WriteReadData/2016/170684.pdf.
According to these regulations, Indian universities and colleges having the highest grade of accreditation/threshold accreditation, and conforming to other eligibility conditions as laid down in the regulations, can apply online to the UGC for starting twinning arrangement with Foreign Educational Institutions (FEI) having the prescribed quality.
The AICTE has set norms for regulating collaboration and twinning program between Indian and foreign university/institutions in the field of technical education research and training with an objective to safeguard the interest of student community in India and ensure uniform maintenance of norms and standards as prescribed by various statutory bodies.
These norms are available at https://www.aicte-india.org/sites/default/files/APH%202018-19.pdf.
This information was given by the Minister of State (HRD), Dr. Satya Pal Singh today in a written reply to a Rajya Sabha question.