New IITs and IIMs to be funded via PPP?
Following is an excerpt from a report by ibnlive.com on this.
… It was in 1910 that the first educational institute under public-private partnership was set up. Indian Institute of Science in Bangalore was a joint venture between the industrialist Jamsetji Tata and the government.
But in independent India, most of the investment in higher education has been done by the state.
In the India of the future, preference will be given to private-public partnerships to set up top institutes. This partnership will also be explored in the research facilities at the 30 proposed world class universities.
"One has to change the order and we have to change the organisational setup,” says Chairman of Knowledge Commission, Sam Pitroda.
This is a crucial decision. Within the Government itself, there has been tremendous opposition to the entry of private players in higher education.
But by throwing open the IITs and IIMs to private sponsors, the Government is finally breaking down resistance.
November 3rd, 2007