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» News > Education > Centre likely to allow 50% FDI in higher education
Centre likely to allow 50% FDI in higher education
The group of ministers (GoM) has recommended 50% Foreign Direct Investment in higher education, paving the way for overseas universities to set up campuses in India, in partnership with local institutions. The GoM recommendations will soon go to the Cabinet, a highly placed source has said.
The source said the GoM, headed by human resource development minister Arjun Singh, has said there should be a cap of 50% on the stake of foreign universities in any joint venture with Indian partners. The criteria suggested by the GoM is likely to stipulate that only well-recognised and established universities from both India and abroad should be allowed to set up campuses in the country.
More : financialexpress.com
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