Are we ready to face competition?

The government intends to allow foreign educational institutions to offer courses in India independently or in collaboration with Indian education institutions and a Bill for this purpose is under consideration, union finance minister, P Chidambaram the FM said in his convocation address at Symbiosis International University in Pune on Saturday

"The time has come to recognise the right of every qualified student to pursue higher education. The other side is the right of a qualified education—be in the public sector or private sector or be it a foreign educational institution—to offer the opportunities for higher education." Chidambaram said.

A truly liberal and forward looking society will seize upon every instrument that can augment and nourish human capital, the FM said in his convocation address at Symbiosis International University in Pune on Saturday.

Sustaining and increasing a high rate of growth was not a function of capital investment alone and it required highly qualified and trained human resources, he said.

S B Majumdar, chancellor of the Symbiosis university, said unaided private institutions in the country had no problems with 50% reservation and did not understand by government aided institutions were opposing reservation.

But will foreign educational institutions agree to this?
Will we have an Oxford in the Oxford of the east?
Are our universities ready for such competition?
Which students will the corporates prefer to hire?
Will universities & private educational institutions loose its value or will education loose its value?

Bill to allow foreign institutes on anvil: FM

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Corporate Study Team,
IMERT, Pune