Approval of the Foreign Education Bill could be a huge business opportunity for foreign universities. The proposed law prescribes eight-month time bound format for granting approval to foreign educational institutions to set up campuses. They will go through different levels of registration process during this period and will be finally registered with UGC or any other regulatory body in place. The regulatory body in higher education, either UGC or any other body that would replace UGC, will scrutinise the proposals of aspiring institution as per India's priorities and advice government whether to allow the institute operate in India. Sibal has already said that quota laws will not be applicable to foreign universities setting up campuses in India. Though 100 per cent foreign direct investment through automatic route is permitted in the education sector since 2000, the present legal structure in India does not allow granting of degrees by foreign educational institutions here. Times of India
this is a great news for indian upcoming students because this would definitely change the scenario of education system. this would bring foreign education system to india and this would enable the faults with indian system to be rectified.
