1 / 12

The Foreign Educational Institutions Bill, 2010 : An Update

The Foreign Educational Institutions Bill, 2010 : An Update. Faisal Beg, Trade Commissioner Canadian High Commission New Delhi, India. India: Education Market Overview. India's education system is among the largest in the world

minda
Download Presentation

The Foreign Educational Institutions Bill, 2010 : An Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Foreign Educational Institutions Bill, 2010 : An Update Faisal Beg, Trade Commissioner Canadian High Commission New Delhi, India

  2. India: Education Market Overview India's education system is among the largest in the world    - largest number of higher education institutions (over 18000)    - third largest in terms of student enrolment -12.8 million (after US and China)    - according to one estimate, India's education market size is worth US$50 billion- higher and professional education segment constitutes 40% of this market    - significant growth in the past one decade ………….

  3. ….India: Education Market Overview . And yet gross enrolment ratio remains very low (12% which is less than half of world average) . Only a few higher education institutions are of global ranking (e.g, IISc, IITs, IIMs, etc) . A sizeable number of Indian students go overseas for higher education . Education spending going up significantly, especially for infrastructure development . Educational reforms underway -aims at creating a governance structure that can support the transformation process

  4. Rationale for the Bill/Legislation . A number of foreign education institutions operating in India without a comprehensive/effective regulatory regime in place . At present only All India Council for Technical Education (AICTE) has notified regulation for FEPs . The new Bill aims at creating a regulatory regime which is transparent, can maintain standards and protect student interests . The Bill also aims at attracting FDI in education which can help bridge the infrastructure gap in education arena.

  5. Key Features of the Bill . Government permission and notification mandatory for foreign educational institutions for offering education services in India and awarding degrees/diplomas/certificates, etc. . Such services can be offered through conventional method (including classroom teaching method but excluding distant mode) only, independently or in collaboration, partnership or in a twinning arrangement. . FEIs with a standing of at least 20 years to be eligible to apply ……………

  6. ……..Key Features of the Bill . University Grants Commission (or its successor) will act as the nodal agency for the approval/notification process. Also, the provisions of the UGC Act 1956 will apply to FEIs as they apply to any other university in India. . Programs offered in India ought to be consistent with the programs offered in home country in terms of quality, content, etc. . Undertaking to maintain a corpus fund of INR 500 million (C$11.34 million) -in effect a collateral.

  7. …….Key Features of the Bill . Income generated out of the corpus can be ploughed back for development purposes up to 75%; the remainder has to be deposited with the corpus; no repatriation allowed. . Penal clauses on default (deposit money can be forfeited) . An Advisory Board created under the provisions of the Act can exempt a foreign institution on the basis of reputation from the above requirements (with a few exceptions).

  8. ………Key Features of the Bill . Existing FEIs also required to seek approval under the provisions of the new Act. . Adjudication by a National Education Tribunal (A Bill is pending approval of Parliament) . Time-bound approval process (though, can take up to one year)

  9. Road Map and Prognosis • Year 2004 - Bill drafted on the basis of a position paper by GOI's Ministry of Commerce and Industry • Year 2005 - Draft Bill revised • Year 2007 - More revisions • 2007-2009 - No Progress due to lack of political support • April 2010 - A revised Bill approved by the Union Cabinet & Introduced in Lok Sabha (Lower House of Parliament)

  10. …….Road Map and Prognosis • Sep 2010  - No progress made during Parliament's Monsoon Session (a related Bill, i.e. the National Education Tribunal Bill stalled in the Rajya Sabha -Parliament's Upper House- in the Monsoon Session; Bill subsequently withdrawn • Nov  2010 - Expected to get going during the winter session (No easy ride expected)

  11. Key Concerns . Provisions of the proposed requirement for authorization for existing partnerships, etc and requirement of corpus money will have significant implications for partnership programs involving Canadian and Indian institutions. . Provisions of exemption on the basis of perceived reputation might create unequal operating conditions

  12. ……..Key Concerns . Passage of the Bill remains uncertain. Approval process, though time-bound, might still take up to one year; can cause frustrations to those institutions which have a definite entry plan for the Indian market.  THANK YOU

More Related