AICTE: A Dragon to be Slayed, If Business Education in India is to be Saved

AICTE: A Dragon to be Slayed,
If Business Education in India is to be Saved

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I strongly believe that if India were to effectively earn its 'demographic dividends' and to wholly fulfill its destiny, we have to allow the best of Indian private enterprises to set up for-profit-institutions for promoting globally benchmarked

business schools (and science and engineering colleges) with or without alliances with the world's best-in-class institutions. The most generous scholarship schemes could be built into such models for the benefit of deserving students.  

Someone at AICTE should study what China is doing to attract the best science and engineering schools (and management schools) from the US and UK to set up facilities in the country to create the largest number of scientists and engineers to take the country to the next level of growth. It may be worthwhile to remember that both China and India will be chasing the same technologies, markets and resources to conquer the world. We should not allow organisations like AICTE to beat India by China.

Let a 1000 IITs and IIMs bloom on this land, as away from AICTE as they can get to. If, in fact, the UGC (Admission and Fee Structure in Private Aided and Unaided Professional Educational Institutions) Regulation Act, 2007, gets passed, we are heading for trouble. We would have to look for sites for promoting top-class educational institutions in Bhutan or an uninhabited island in the Indian Ocean, outside the clutches of AICTE or UGC!!!