AICTE has decided to allow firms with Rs 100 crore turnover to set up their own institutes.
In an attempt to bring together technical educational institutes and employer’s expectation from their graduates, All India Council for Technical Education (AICTE) has decided to allow firms with Rs 100 crore turnover to set up their own institutes.
These institutes will be given the authority of allowing double the number of students at regular institutions and would be permitted to start a branch institute of their choice, in accordance with AICTE’s notification inviting applications to start new institutional bodies for the academic year 2013-14.
“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,” stated AICTE chairman S S Mantha. “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.”
Such institutes can teach any technical discipline such as engineering, pharmacy, architecture and town planning, applied arts and crafts, hotel management and catering technology. They can offer undergraduate, post graduate or diploma courses.
“This is a paradigm shift in the higher and technical education sector in India where a regulatory body is reaching out actively to industry,” said a former UGC chairman, who did not want to be identified. “Until now, industries did not apply to AICTE to start an educational institute, probably because norms were not spelled out or because academia was lethargic in its attitude to reach out to them.”