The Indian education industry is among the largest in the united states having a market-size 450 million students, projecting revenue of $50 million, yearly. The Indian education sector is forecasted to develop by 15% throughout the period 2011- 2021. And, distance education universities because the education provider for that masses is in a position to tap the potential for student market.
Thinking about the major populace asia is youthful and the increase in distance education levels, there’s an enormous possibility of growth that is inviting foreign investors within this sector. The partnerships of distance education universities with foreign universities will chiefly concentrate on the greater education segment, to provide advanced programs, special skills training and sorts. Furthermore, the main focus is on evolving through innovative teaching techniques to improve the caliber of distance education universities an internet-based education.
There’s been a number of progressive developments to advertise foreign investments within the sector and also the passing from the Foreign Education Bill this year has bolstered the initiatives within this direction. At the moment, there’s a lengthy type of tie-ups with foreign universities. To mention a couple of, there’s the MoU between Australia’s Deakin College with St. Xavier’s and KC College age-old collaboration between Rhode-island based Brown College and St. Stephen’s College in Delhi and much more. The Foreign education bill is really a welcome move for foreign universities who’re wanting to provide education in India, which can give Indian students a choice of going after world-class programs, inland instead of going abroad for the similar. Columbia College proposes to setup a middle in New Delhi because of its faculty and students to consider research in India. Similarly, Harvard business school is centered on establishing campus in India to conduct its executive education programs. Other universities interested in an Indian-base would be the Yale College, Massachusetts institute of technology and also the College of Boston.
Inside a globalized economy, projecting an engaged industrial scenario, opening the home windows for foreign collaborations can help the Indian education system and then the distance education universities to attain global standards in quality and spell affordability for executive programs. Leading the present number of key global partnerships, UGC and 12 , recognized Sikkim Manipal College Distance Education has signed a MoU with Scotland-based Edinburgh Napier College. Their bond can help distance Master of business administration students from SMUDE to pursue an Master of business administration in the Scottish college in a cost comparable to just one semester fee. This apart, the college has had forward many initiatives through its technology platform to make sure all-round learning because of its students. Going beyond academics, the college has integrated other kinds of coaching in the wide spectrum of PG, UG and diploma courses. Furthermore, SMUDE has leveraged on technology in the easiest method to make its students job-ready within the global arena.