Of late, there has been a surge in interest for setting up Bschools in India. The latest to join the bandwagon is US-based Georgia Institute of Technology (commonly called Georgia Tech), according to a report.
Georgia Tech would have two centers of excellence at Hyderabad, in collaboration with Indian industry and university partners.
Recently, HRD Minister Kapil Sibal said only quality institutions from abroad will be allowed to offer education in India once a Bill to regulate the entry of foreign education providers into the sector is passed. Since 2000, 100 per cent Foreign Direct Investment (FDI) through automatic route is permitted in the education sector. But, the present legal structure in our country does not allow granting of degrees by foreign educational institutions on Indian soil. The proposed Foreign Education Providers Bill would regulate the entry of foreign education providers as per India's priorities, the Minister was quoted as saying.
Around 140 Indian institutions and 156 foreign education providers are engaged in academic collaborations for India; Of these 90 have university status and 20 have college status.
While efforts are being made to have degrees awarded to be recognized in the US and the courses run would be fully at par with those in the foreign university campuses.
A report stated that the highest number of collaborations is taking place in the field of management and business administration — 168 of the total of 635, or 26 per cent. The next most offered discipline for collaboration is engineering and technology / computer application / information technology, having 144 or over 22 per cent collaborative programmes, followed by hotel management and house keeping, having 132 or over 20 per cent collaborations, the report added.