Big Corporates allowed to start Technical Institutions from 2013-14
Patiala, 4 October 2012 (BharatSandesh Bureau):– For the first time, the big corporates have been permitted to start technical campuses in India. The companies are being allowed to start colleges with industries and business having over Rs 100 crore turnover can now start Engineering, Management, Pharmacy, Architecture Institutions etc. from the session 2013-14. Till now, only Charitable Trusts/Societies or Companies under Section-25 of Companies Act were permitted to start these Institutes. The above mentioned changes have been done in the recent notification issued by All India Council for Technical Education (AICTE), New Delhi.
Industry/academia welcomed the move- Dr Anshu Kataria, Convener, Education Sub-Committee, PHD Chamber & Chairman, Aryans Group of Colleges, Chandigarh who has always advocated in favour of corporate entry and Foreign Direct Investment (FDI) in Educational field, has welcomed the step. Dr Kataria said that the opening up of doors for Corporate would bring in more investment in Education. Secondly, it would open more avenues for partnership between Industry and Academia and would reduce the gap between them.
Long pending demand accepted – It is to be mentioned that Dr Kataria has raised this issue with Dr S.S.Mantha, Chairman, AICTE during his last two visits in Chandigarh. At that time, Dr Mantha assured the early solution. In 2012-13, the Charitable Trusts/Societies or Companies under Section-25 of Companies Act were permitted to start the Educational Institutes and now for 2013-14, AICTE has allowed the Industries and Business with Rs 100 crore turnover also to start Technical Institutes.
Industry would get double intake-AICTE has not only allowed the corporates for starting an Educational Institute, but has also permitted Corporates to start an Engineering with 600 seats from the very first year which is otherwise 300 for Charitable Trust. Mr Dalip Sharma, Regional Director, PHDCCI, Chandigarh said that it is welcoming step.
Flexible/dual degree courses also started- Dr Kataria has also welcomed the AICTE move to start dual degree courses with multiple entry and exit option. According to new norms, a 10+2 student can opt for 5 year dual degree course in Management in which after 3 years, candidate would get Bachelor Degree in Management (BM) & Bachelor Degree in Applied Management (BAM) and at the end of 5 years, he will get Masters in Applied Management (MAM). Similarly 5 year dual degree course leading to MCA has also been started. According to new norms, after 3 years students would get Bachelor in Computer Application (BCA) and end of 5 years he would get Masters in Computer Application (MCA).