(A) Whether investment by NRIs and domestic private sector has been allowed in the centres of higher learning like IITs, etc;
(b) if so, whether any regulation has been made to determine the standards;
(c) if so, the details thereof; and
(d) if not, the reasons therefor ?
THE MINISTER OF STATE IN THE MINISTRY OF HUMAN RESOURCE DEVELOPMENT (SHRI SYED SHAHNAWAZ HUSSAIN)
(a) to (d): Financial contributions by individuals and
organizations (including NRIs and domestic private sector) for
growth of education and educational institutes in the country are
encouraged. While accepting such contributions, it is ensured
that they serve the genuine cause of education and are in
conformity with the primary objectives of the educational
institutions.