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Latest News |
| 25th
March 2010 / Times of India / Mumbai Edition |
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800 univs, 35k colleges needed in 10
yrs: Sibal
New Delhi: India will need at least 800 more universities
and another 35,000 colleges in the next 10 years to increase
the percentage of students going for higher education
from the present 12.4% in the country, HRD minister Kapil
Sibal said here on Wednesday.
“India has about 480 universities and about 22,000
colleges. If we were to increase that figure of 12% to
30%, we will need another 800 to a thousand universities
in the next 10 years. We will need another 35,000 colleges
in the next 10 years...we are still below 40%, which I
think is critical,’’ he said. Sibal was speaking
at the first contact group meeting of Parliamentarians
for Education of the Unesco South Asia Cluster, in which
delegates from Bangladesh, Bhutan, The Maldives, Nepal
and Sri Lanka participated.
Highlighting the importance of human resource development,
Sibal said, “When the global economy is doing well
and the stock market is in the upswing, developed nations
share their prosperity with us.’’ But it is
not the case when global economy is not doing well and
the stock market is on the decline, he said. “And
I think that if we, in this part of the world, recognise
the facts, we will realise how important education is
for a developing economy,’’ he said.
Sibal said the energy of a nation ultimately depends on
its youth. “The energy of a nation does not depend
on parliamentarians who are over 60 years,’’
he said. The minister said that in the 21st century, acquisition
of physical or tangible assets will not be the wealth
of any country but it will be the acquisition of intangible
assets, which are created not in the stock market but
in the university system of nations. AGENCIES
Foreign varsities won’t repatriate surplus
fund
New Delhi: Foreign education providers evincing interest
to come to India have agreed to a condition that they
will not repatriate surplus money generated from education
activities here, HRD minister Kapil Sibal said. During
an interaction with reporters here, Sibal said the Foreign
Educational Institution (Regulation of Entry and Operation)
Bill, 2010, has the provision that the foreign institutes
in India cannot take back the profit generated from educational
activities. “The foreign education providers, whichever
have discussed with me on their plan to come to India,
have said that they will not have any problem on that
provision,” he said.
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