INR 50 crore for registration of New foreign universities
Higher Education

INR 50 crore for registration of New foreign universities

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According to the Foreign Educational Institutions (regulation of entry and operation) Bill, the foreign universities will be checked from repatriating profits from Indian campus though education, by making it mandatory for the universities to publish a prospectus for settling in India. The new education providers settling down in India are required to deposit an amount of INR 50 crore with the body that will register them, which is the University Grants Commission (UGC).

Various levels of registrations are to be done by the foreign universities at various levels, but the bill promises time bound registration to them. After going through applications, the UGC would further advice the government if the university could be allowed to function in India. In case of a collaborative campus between a foreign and an Indian university, the former will be require dto come forward for providing details for registration.

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