international branch campus

Summary:

In continuation to Part I of the III part IFSC Education series available at Shaping Global Education: Foreign Universities in GIFT IFSC, this article focusses on certain frequently asked questions in the education sector, with the objective of bringing clarity to prospective universities intending to establish International Branch Campuses (“IBC”) in GIFT International Financial Services Centre (“GIFT IFSC”) either on a standalone basis or through an Academic Infrastructure Services Provider (“AISP”) model. These FAQs also explain how a Foreign Educational Institution can establish an Offshore Educational Centre (“OEC”) in GIFT IFSC, under the International Financial Services Centres Authority (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022 (“IBC and OEC Regulations”).Continue Reading Part II of the IFSC Education Series: FAQs on setting up International Branch Campus or Offshore Education Campus in GIFT IFSC

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?