Draft on FDI in Higher Education underway: CII

CHENNAI: The Confederation of Indian Industry (CII) National Committee on Higher Education is preparing a draft on foreign direct investment (FDI) in higher education, which will be submitted to the Centre soon, according to chairperson of Education Forum CII southern region Nandini Rangaswamy.   She was responding to a query from a delegate on Thursday during the interactive session of ‘Innovation in Higher Education - Focus on Tamil Nadu’, organised by the CII. Higher Education Minister P Palaniappan on the occasion, quoted a study by Technopak ‘Forecasting the Financial Potential in Education’ said that private investment in Indian higher education in 2013 would be in the region of $70 billion, which would grow to $115 billion in 2018.