New Delhi (PIB) --- Dr. D. Purandeswari, Minister of State for Human Resource informed the Rajya Sabha (upper house) that, the Government has allowed Foreign Direct Investment (FDI) up to 100% under automatic route in the Education Sector subject to applicable laws/sectoral rules/regulation/security conditions. As per the sectoral policy, education is a not-for-profit activity in India. Educational institutions can be set up by Trusts, Societies or Section – 25 companies and may generate a reasonable surplus, which has to be utilized only for the improvement of education and infrastructure in the institution.
As per information supplied by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce, FDI in 2010-11 was Rs. 173.24 crores and in 2011-12 (upto February) was Rs. 447.30 crores.
No approval has been granted to any foreign universities/institutions to be established by foreigners in the country so far. However, as informed by All India Council for Technical Education (AICTE), 08 Indian technical institutions have been granted permission to start collaborative programmes.
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