The government today said that UGC has prepared rules to allow foreign institutes ranked among the top 400 in the world to set up campuses in India.
Under the proposed (UGC) (Establishment and Operation of Campuses of Foreign Educational Institutions) Rules, 2013 foreign educational institutions can set up campuses in India once they have been notified as Foreign Education Provider (FEPs) by the UGC, he said.
"The Rules would ensure that only high quality foreign educational institutions are permitted to set up campuses and offer education services in the country, since only the top 400 institutions as per global rankings would be eligible to open campuses in the country," he told Parliament today.
Setting up of such campuses would not only promote high quality foreign educational institutes would contribute to enhancing existing capacity of higher education system but arrest brain drain and drain of resources from the country.
Indian students would also be benefited with the entry and operation of FEP through access to globally renowned and quality academic institutions in Indian higher education sector at relatively lower costs, Raju said in Lok Sabha in a written reply.
Both the Department of Industrial Policy and Promotion and the Department of Economic Affairs have supported the proposal, he said.