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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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