Published On: Tue, Jan 19th, 2010

Kapil Sibal: Indian education needs 400 Billion $ investment

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Indian education sector requires US $400 billion of investment over the next decade because the sector is an important part and source of economic growth in moving the country forward.

Human Resources Minister Kapil Sibal has outlined India’s massive plans in education in meetings with three cabinet ministers and 16 Vice Chancellors in London.

Sibal, who is on a four-day visit to Britain, felt collaboration with British universities, will be key to the United Progressive Alliance (UPA) government’s plan to build at least 30,000 colleges and between 800 and 900 universities by 2010.

The role of Britain, which along with the US is a world leader in education, will be to help deliver “quality” to Indian institutions, he told a roundtable with the Vice Chancellors of key British universities.

“Our young people need access to higher education. The quality of education is strongly linked to economic growth, which is why we are reaching out to other countries,” Sibal said after signing seven agreements for collaboration with British higher education institutions.

Sibal also assured host country ministers that legislation guaranteeing foreign institutions a level playing field with the “unaided Indian private sector” will be passed this year.