Key Points
GoI made a related announcement in the Union budget 2022-23 while proposing to operate foreign universities from GIFT City, free from domestic regulations..
However, nothing was specified on the money repatriation matter in IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations 2022..
It's good that GoI has clarified the issue of money repatriation by for-profit foreign institutions...
The University Grants Commission (Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations 2023, allows foreign universities to set up campuses with complete autonomy to decide their admission processes and fee structure..
These regulations, aligned with the National Education Policy (NEP) 2020, aim to establish a robust framework for the entry and operation of foreign higher educational institutions (FHEIs) in the country...
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