- Govt may allow foreign education players to repatriate a portion of their income in India instead of requiring them to plough back all their earnings into their Indian operations
- Centre to frame rules to ease both fund flow to India and institutional collaboration and how a foreign educational player investing in India will be allowed to take back some money they make here
India plans to ease rules on foreign investments in education and open up the regulated sector, two government officials said, after the Union budget proposed to encourage foreign direct investment and external commercial borrowings (ECBs) in education. The government will frame rules in this respect, targeting foreign investors and universities keen on India’s capital-starved education sector.
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The government may allow foreign education players to repatriate a portion of their income in India instead of requiring them to plough back all their earnings into their Indian operations, a key restriction that academics and experts have flagged for years as a disincentive to foreign investment in education. Industry bodies UK India Business Council and US India Business Council have said that they are eagerly waiting for a more liberal education sector in India.
Source: livemint
