New Delhi: The University Grants Commission (UGC) will be soon introducing regulations-2023 for foreign universities to set up its campuses in India, benefitting top students who cannot afford to study abroad due to financial constraints.
Foreign universities setting up their campuses in India will provide huge cuts in tuition fees and merit-based scholarships to students who are financially weak.
According to UGC, prestigious universities of the US, Australia, France, and England -- Oxford University, Melbourne University, Queensland University, Texas University, St Petersburg University and Instituto Marangoni -- have evinced interest in setting up campuses in the country.
The foreign universities have suggested setting up cluster colleges.
UGC said that it has received over 200 suggestions from Indian and foreign stakeholders.
Educationist C S Kandpal said that setting up foreign university campuses in the country will improve the quality of higher education and promote healthy competition. More work will be done on research and innovation and provide more employment opportunities.
The UGC said it has prepared a proposal for foreign universities to set up its campuses along with Indian universities in the country and offer degrees.
Every year around seven to eight lakh students go abroad for studies. If foreign universities set up campuses in India, then Indian students will have an opportunity to get a world-class education in their homeland at a lower price.
The UGC is of the view that foreign university campuses in India will boost research and degree programmes.
Many Indian professors and researchers are still doing joint research with foreign universities. At present, the number of such researchers is limited but it is bound to increase with the opening of foreign varsities here.
According to UGC officials, foreign universities setting up campuses in India will not get any grants from the state or Central governments.
The state and Central governments will also not have direct interference in foreign universities' admission process or fees.
The foreign universities will have to keep transparency in the admission and fee structure.
Experts said that despite all this the fees will be less as compared to abroad.