Friday, December 31, 2010

Permission for Corporates to Run Technical Insitutions (or) Corpotares to Run Engineering College

As so far only trusts and cooperative societies were allowed to run technical institutes. But now the time has 
changed where corporates also can run the technical institutions.

The following News was from the Indian express buzz.
In order to facilitate the spread of technical education to all under represented areas, the Centre has decided to allow public-private partnership (PPP) and build-operate-transfer (BOT) model to set up engineering colleges and other technical institutions.Human Resource Development Minister Kapil Sibal on Thursday announced the revised norms for the approval process for 2011-2012 of institutes that are regulated by All Indian Council for Technical Education (AICTE).

The Corporate needs space for an an engineering college in rural India would need 10 acres of land, just 2.5 acres of land would be needed in urban areas.

Till now, tuition fee waiver scheme, operated by the AICTE, allowed providing up to 10 percent supernumerary seats that are given to students of economically backward category. It was the discretion on the part of the institution to apply for such a scheme. Now, these seats are made mandatory for every institute up to 5 percent,” Sibal said. The minister said, “These measures are aimed at easing pressure on the education sector and providing relief to the students in matters of admission. 
Many changes have come with the new rules. We can expect TCS, CTS, Infosys will start the Engineering colleges soon. As Polaris has started the Financial College already, hope they will also find the way to start the Engineering  college.

May this new year brings some change in the Education.
Wish you all a happy new year.

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