Aiming to bridge the gap between technical educational institutes and the expectations of those who employ their graduates, the All India Council for Technical Education (AICTE) has decided to allow industries and businesses with Rs 100 crore turnover to set up technical institutions of their own.
Such institutions will be allowed to admit double the number of students allowed at regular institutions, and would be able to start a single branch or theme institute of their choice, according to the AICTE’s notification inviting applications to start new institutes for the 2013-14 academic year.
“We often hear that students graduating from technical institutes are not industry-ready or employable. Hence, we want to bring in the best practices of industry and want them to participate in the higher and technical education sector,” AICTE chairman S S Mantha told The Indian Express. “Accordingly, a private limited or public limited company or industry, with a turnover of Rs 100 crore in the last three years, will now be eligible to apply to start a new institute.”
Article Source: http://www.indianexpress.com/news/aicte-allows-firms-with-rs-100-cr-turnover-to-start-their-own-colleges/1011671/
Publication Date: 04 Oct 2012