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Top Australian universities, that achieved the rank within 300, have discussed with the Union government to develop independent offshore campuses in India, stated the Sunday Express. The two Australian educational institutes are discussing with the IFSCA to develop branches in Gandhinagar, Gujarat.
Reports stated that a formal announcement regarding the top two Australian universities, ranked with the 300 QS World University Ranking and the Timer Higher Ranking, is made by Anthony Albanese, the Australian Prime Minister, during his visit to Gandhinagar and Ahmedabad early next month.
After the IFSCA framed the rulebook as per the allowance of foreign universities to develop campuses in India, the development has been proposed.
Nirmala Sitharaman, finance minister in India, stated in her last budget speech last year that prestigious universities all over the world will be allowed to offer different types of courses in financial management, technology, science, mathematics, and engineering in the GIFT CITY.
On Thursday, the IFSCA said that they will be inviting applications from different universities all over the world. They also stated that they have started notifying the application forms. There are two interested Australian universities that are interested in creating educational campuses in India so that students can pursue their higher education.
Developing campuses in India is undoubtedly a beneficial choice for the universities as well as the Indian students as they already have a greater presence in the of students from India.
Why Australian Universities Are Eager to Set Up Campuses in India?
In 2022, Indian students took the most portion of the international students who chose the Australian universities. This is one of the most common reasons why many Australian universities want to set up campuses in India.
Meanwhile, the notified regulations of IFSCA stated that the educational programmes as well as the courses will be offered by foreign universities. It should be identical to the courses offered by the universities in their representative countries.
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