Education needs more capital, fewer curbs: Noel Tata
Tata Trusts chairman Noel Tata has called for the removal of restrictions on for-profit education to encourage private investment in India's higher education sector. He also announced plans for the Trusts to expand its institutional footprint, including the development of 40-50 general-purpose hospitals across the country.
Why it matters
The debate over for-profit education models could significantly shift India's policy landscape regarding private sector involvement in public services and infrastructure.
BENGALURU: Tata Trusts chairman Noel Tata on Sunday questioned restrictions on for-profit education, saying they discouraged investment in a sector where India needs far more quality colleges and universities.Speaking at IIMBue, an IIM Bangalore alumni meet in Bengaluru, Tata said only a small fraction of students secure admission to the country’s top institutions, forcing many high-performing students to pursue higher education overseas.“We spend an atrocious amount of money every year sending kids to the US and Europe,” he said.Tata said India should create enough world-class institutions so students do not have to leave the country for quality education and career opportunities.“I believe the courts have said that you can’t. An educational institution cannot be for profit, which is sad,” he said.
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