Tuesday, March 16, 2010
What did McDonald, KFC, Subway and the like bring to India? Well, a lot of good food, business for the local businessmen, work for the local lads, money for the Indian economy. The franchise model of business has worked wonders in the food sector in India. Relatively easy to set up, an instant brand recognition and invaluable assistance in terms of knowledge makes it an instant hit in booming economies like ours. Many other sectors have tried the franchise model as well - the hospitality industry for example.
If everything goes right in the next few months in the Parliament we may see the same franchise business model in the education sector as well. "The Foreign Educational Institution (Regulation of entry and operation) Bill" is all set to be tabled in the parliament for discussion soon. The cabinet has cleared it and Kapil Sibal is confident that though parties like BSP, RJD and SP would oppose it, the bill would get acceptance in BJP and other sorted out parties and should get cleared without much ado. The Left is expected to rattle a little but they have been disarmed in the recent times by the UPA government's massive numbers.
The bill, when passed, would be a big boost to the education system in India. If Universities like the Harward, Oxford, Stanford and the like start to show interest in Indian education market we may soon move towards a standardization in the education sector which is the need of the hour. The education system in India in present times is raked by malpractices across all fields of study. Unification of education metrics has been echoed a number of times by the education minister and few other government bodies and this bill can do just that in an indirect fashion. A number of universities have had similar successful experiments in countries like Singapore specially in fields of technology, fashion and other contemporary fast paced cources.
Education franchising would bring better education to the people of India, more robust education system may evolve and more than anything else it would create a respect for Indian education scenario in the rest of the world. According to the current trends the Indian student is in high demand in the global market but the Indian education is looked down upon, this Bill may change the attitude of the world.