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Gift City

On October 11, 2022, the International Financial Services Centres Authority (“Authority”) notified the International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulation, 2022 (“IBC-OEC Regulation”), permitting foreign universities and educational institutions to open a branch in Gujarat International Financial Tec-City (“GIFT City”) in Gandhinagar, Gujarat. This stems from the proposal to allow the entry of foreign universities and institutions in GIFT during the FY 23 Union Budget announcements.…

Continue Reading Gift City: Foreign Universities’ Gateway to India?

Opportunities for Foreign Universities in India

INTRODUCTION

Education is one of India’s most rapidly-growing sector, which is expected to be worth approximately USD 225 billion[1] by 2025. Enrolment in higher education institutions that stands at approximately 37.4 million[2] today, is estimated to grow by nearly 38% by the year 2030, with India potentially emerging as the single-largest provider of global talent where one in four graduates in the world could be a product of the Indian higher education system[3]. The Covid-19 pandemic has provided further impetus to this sector by increasing the acceptance of online education and opening fresh e-learning opportunities for national and international educational institutions. The Government of India (“GoI”) has also brought renewed focus on the education sector with the roll-out of the National Education Policy, 2020 (“NEP”), which lays down the future roadmap of education in India.…

Continue Reading Opportunities for Foreign Universities in India: A Regulatory Overview

NEP 2020 AND FOREIGN UNIVERSITIES - WHAT TO EXPECT IN THE REGULATORY DOMAIN

Background

The National Education Policy, 2020 (“NEP”), is only a few days old and has been garnering a lot of attention. Indeed, this is only natural, given the impact it can have on the large student community of India. In addition, given that it is the first education policy in 34 years, both in subject matter and approach, it has demonstrated significant shifts. In some ways, it is substantially different from last year’s draft National Education Policy, 2019 (“Draft Policy”).

One of the areas in our country’s education policy that has always garnered attention and curiosity is the role that foreign educational institutions can play in India and their direct entry into the country. Hereinbelow, we will check what the NEP says in this regard, and what could be expected in the regulatory landscape as a result.
Continue Reading NEP 2020 AND FOREIGN UNIVERSITIES: WHAT TO EXPECT IN THE REGULATORY DOMAIN?