ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504, ficci@ficci.com

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

Future of universities is hybrid, says president of Bennett University at meet 

The Times of India , Oct 31, 2018

Funding education through philanthropy, alumni network and industry involvement is the future that higher education institutions should look at. This was among the many suggestions made at the 14th FICCI Higher Education Summit held on Tuesday. Sachin Jain, president of Bennett University, talked about the need to expand education online for wider reach.

“Over the next two or three years, we will see more than 2 million students in higher education. For that we need to generate capital,” Jain said. He also said online and distance learning are necessary. “Brazil has changed its education. It’s private and fully online. We need quality institutions to cater to the increased demands and for that we can promote online and open distance. It will help reach masses at a lower amount. The future of universities is hybrid,” Jain said, adding that government initiatives like HEFA should be extended to private institutions and funding should be made merit-based.

Other experts talked about various issues at the three-day annual event. Amitabh Jhingan of Ernst & Young said that at present source of capital for educational institutions has been government funds, student financing, infrastructure financing, etc. “But we see philanthropic capital fast becoming popular in India,” Jhingan said.

N V Varghese, VC of National University of Educational Planning and Administration, said over the years enrolment has increased in the private sector with more than 60% of students going to private institutes. “Fund students through loans. The loan demand is such that it is the same as central government’s funding,” Varghese said about new ways to fund institutes.

He also complained that universities are starting self-financing courses and because of that “the public universities are in a state of stress because of the situation of decline of public funding”. But Varghese warned against destruction of education quality and pointed out that many institutions are avoiding appointment of teachers and making do with guest and ad hoc teachers. “This is killing the purpose of educational institutions where saving money becomes a priority,” Varghese said.

Gurmeet Singh, VC of Pondicherry University, agreed. He also suggested alumni funding. “Universities don’t have the data on the number of people passing out and what they are doing. It’s only with the introduction of NAAC that institutes have started to keep that data. With such data we can tap the alumni who can contribute,” Singh said.

Alex Usher, president of Higher Education Strategy Associates of Canada, suggested that to have donations as a mode of funding, governments should bring in changes in the tax rules.

“Most universities in India are not attractive for donors. So donors have started their own universities. This shows public institutions need to improve,” Usher said. But he also warned against institutes borrowing from the government as they often don’t earn enough to repay loans.

 

 

Also Read

Higher Education must prepare students to respond to Industry 4.0 needs: Suresh Prabhu

Secretary-Higher Education, MHRD felicitates 13 Educational Institutions and Personalities with 5th FICCI Higher Education Excellence Awards

Amitabh Kant outlines 6-point agenda to brand India as the education and research hub of the world

FICCI announces the 14th Edition of Higher Education Summit 2018     

Govt to promote education sector to increase services' share in GDP: Suresh Prabhu     

Govt to promote education sector to increase services' share in GDP: Prabhu     

Government to promote education sector to increase services' share in GDP, says Suresh Prabhu     

Govt to promote education sector to increase services' share in GDP: Prabhu     

Doing Biz Index: Suresh Prabhu indicates improvement in India's rankings     

Government to promote education sector to increase services' share in GDP: Suresh Prabhu     

Government to promote education sector to increase services' share in GDP: Suresh Prabhu     

Govt to promote education sector to increase services' share in GDP: Prabhu     

Over 200 delegates from 70 countries storm India for education summit     

Govt to promote education sector to increase services' share in GDP     

Govt to promote education sector to increase services' share in GDP: Suresh Prabhu     

Government to foster education sector to enhance service' share in GDP: Commerce and Industry Minister     

Services sector can be game changer in India's growth story: Prabhu     

Govt to promote education sector to increase services’ share in GDP: Prabhu     

Higher education must prepare students to respond to industry 4.0: Prabhu     

Govt to promote education sector to increase services’ share in GDP: Suresh Prabhu     

Services sector can be game changer in India`s growth story: Suresh Prabhu     

The world needs to come out with strategies to deal with very important subject of creating new educational pattern: Prabhu     

Govt to promote growth of education sector to increase services' share in GDP: Prabhu     

Services Sector can be game changer in India’s Growth story-Suresh Prabhu     

42% of techies quit before completing new course     

Indian universities need place in global rankings: NITI Aayog CEO Amitabh Kant     

Univs need to attract best talent to make India research hub: Niti CEO     

VIT awarded FICCI certificate of excellence     

IIT Roorkee Showcases Innovation and Incubation Facilities at FICCI 14th Higher Education Summit     

Univs need to attract best talent to make India research hub: Niti CEO     

Assam Don Bosco University Receives FICCI's 'University Of The Year' Award     

SMVDU participates in FICCI Higher Education Summit     

Katra university takes part in FICCI summit     

FICCI bestows higher education excellence award to VIT     

Assam Don Bosco University bags All India University of the Year Award     

PU VC participates in Intl Summit on Higher Education     

Delhi to host South Asia connectivity conference     

Dr Ramdas M Pai awarded with Lifetime Achievement Award 2018 by FICCI     

Assam Don Bosco varsity gets 'University of the Year' award     

Assam Don Bosco University gets University of the Year Award     

Assam Don Bosco University gets 'University of the Year' award     

ADBU varsity gets 'University of the Year' award     

Assam Don Bosco University receives FICCI’s Award     

Assam Don Bosco University receives FICCI's 'University of the Year' Award     

Assam Don Bosco varsity gets 'University of the Year' award     

MAHE Chancellor conferred Life Time Achievement award by FICCI     

MAHE Chancellor conferred FICCI Lifetime Achievement Award     

MAHE Chancellor given lifetime award     

Udupi: MAHE Chancellor Dr Pai conferred FICCI Lifetime Achievement Award     

MAHE Chancellor Conferred Life Time Achievement Award by FICCI     

INDIA: Assam Don Bosco University awarded “University of the Year” by the Federation of Indian Chambers of Commerce and Industry     

Event:

 14th FICCI Higher Education Summit 2018: A Global Conference & Exhibition