Tuesday, November 09, 2010

Private investment must in higher education: Plan Panel Deputy Chairman

The Planning Commission on Monday advocated a larger role for private sector in education, particularly higher education, as public resources are not enough to meet the requirement.

"With this kind of economic growth, the public resources would not be enough to meet the expanding demand for higher education in the country and private investment is needed," Plan panel Deputy Chairman Montek Singh Ahluwalia said at a CII summit.

He said the country should focus on expanding the existing educational infrastructure to better serve the needs of the country. The government is in the process of setting up 14 innovation universities, he said adding that the charter will be rewritten for these universities giving them the desired flexibility and resources to impart knowledge at international standards.

There is also the need to provide the existing universities with greater flexibility, he said, adding that a sustained policy was needed for the sector.

Source: The Economic Times, November 9, 2010
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