Foreign Universities will now have to receive a nod from the UGC for setting up their campuses in India. On Thursday, January 5, 2023, UGC Chairman M Jagadesh Kumar took to twitter to announce the latest development around Foreign Universities Campuses in India.
In a series of tweets, the UGC Chairman also underlined the roadmap for the operation of foreign universities in India. In his tweets, M Jagadesh Kumar has said that “foreign universities setting up campuses in India will have freedom to devise their own admission process.”
“Foreign varsities will have to ensure quality of education imparted at their Indian campuses is on par with their main campus,” the UGC Chairman further added. Moreover, foreign universities will only be allowed to offer courses and programmes on their Indian campuses in the full-time physical mode only, with no distance or online mode.
Importantly, the cross-border movement of funds among the main or other overseas campuses of such universities and their Indian counterparts will be as per foreign-exchange movement. Moreover, foreign universities would be granted initial approval for 10 years.
“Foreign universities setting up campuses in India to get initial approval for 10 years, Cross-border movement of funds will be as per Foreign Exchange Management Act,” the UGC Chairman stated further in his tweets.
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