By - 23 March 2020
23 March 2020
In todays age when we are living in a knowledge economy, it is very important to create academic institutions of eminence which will not only give wings to the aspirations of our youth but also attract students from distant shores who will come here in quest of knowledge and in the process also get a first-hand insight into our age-old culture and heritage which will make them our cultural advocates throughout their life once they return to there homeland.
Also, a global education hub will facilitate job creation as all blue-chip corporate want feeders and supply chains which could cater to its insatiable thirst for quality manpower. One of the essential ingredients that any entrepreneur look for before choosing the location of the project is proximity to supply and market. In-Service sector ( which is emerging as the dominant sector in all major economies), the whole world is connected virtually, thus proximity to markets is not as important as before ( offshoring success story, proves this point) and thus what is most important is access to the talent pool.
Indian students spend $7 billion or around Rs 45,000 crore per year on foreign education and this number has steadily risen by 7 % every year and around 256% over the last 10 years.