||Govt may allow private
sector investment in education
The Centre plans to allow
the (for-profit) private sector to set up educational institutions and
tap the capital market, thus aiming to plug the funding gap in the education
sector. In this regard, the Human Resource Development (HRD) ministry has
asked Max India Chairman Analjit Singh to prepare a feasibility paper.
HRD Minister Kapil Sibal
did so during a roundtable in New Delhi with Singh and other members, including
Sunil Alagh, chairman of SKA Advisors, Hari Bhartia, co-chairman and MD
of Jubilant Organosys, and Rajendra Pawar, chairman of NIIT.
Singh is one of the founder
supporters of Indian School of Business (ISB’s) second campus at the Knowledge
City, Mohali and has donated Rs 50 crore for the campus. Other founder
supporters include the Bharti, Hero and Punj Lloyd groups.
|Analjit Singh’s office
confirmed the development, but declined to divulge details.
MHRD sources confirmed
that the government wanted to plug the funding gap in the education sector
and the private sector’s participation is being perceived as one such method
that could go a long way in bridging the deficit.
The resource gap in higher
education identified by Planning Commission stands at Rs 220,000 crore,
according to a recent Ernst & Young report.