New Delhi, Aug. 1: Reputable foreign institutions may not come to India if a provision in a proposed law preventing them from taking back surplus from education activities is retained, a parliamentary panel has said.
The Foreign Educational Institutions (Entry and Operations) Bill prescribes a time-bound format for granting foreign universities approvals but bars them from repatriating profits.
The bill was introduced in the Lok Sabha on May 3, 2010, and referred to the standing committee on HRD, headed by Congress MP Oscar Fernandes.