For boosting up
private sector investment in higher education, the central government should
allocate land free of charge for 999 years to set up an educational institution
(University), a group set up by the Planning Commission has suggested.
The Committee report
on corporate sector participation in higher education headed by Chief Mentor of
Infosys Mr. N. R Narayana Murthy presented its report to the Planning
Commission Deputy chairman Mr. Montek Singh Ahluwalia in New Delhi.
The committee said
the land provided by the government to the private sector for setting up a new
institution should have a world class air connectivity and well developed
social infrastructure.
Mr. N. R Narayana
Murthy said, "The existing higher education system in India lags in
comparison to global standards and is inadequate to meet the demand
Committee
Recommendations...!.
* For setting up new
institutions, land should be allocated by both central and state governments,
free of charge for 999 years", the committee said in its recommendations.
* The land should be
usable for setting up academic facilities, incubation centres and technology
parks.
* This should also be
allowed for residential facilities for faculty, staff students & administration and other social
infrastructure like school, college, recreation & health facilities for the institution, car
and bus parking, restaurants, shops etc.
* India does not have
adequate eligible students and needs an additional capacity of 2.6 crore seats
over the next decade.
* The group
recommended that the higher education institutes should have freedom to
accredit with the any global accreditation agency.
* It recommended
visas for all academic and research visitors (faculty, student, staff,
administrator, researchers) and that they should be exempt from current visa
regulations of minimum salary norms (USD 25,000 per year).
* The group also
emphasised the need for creating 20 new knowledge clusters in identified cities
and educational hubs through public private partnership model at an investment
of Rs. 500 crore per cluster.
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