May 20, 2010

India to have over 600 pvt management colleges by 2012

The number of private management institutions in the country is expected to double from the present 300 in the next two years, as the government has reduced its spending on higher education, an industry chamber study said.

"The number of private management colleges are expected to touch 600 mark from 300 now by 2012 as the public expenditure on higher education has been reduced which has encouraged investments by private sector," Assocham study said.

The study said another reason for increasing number of these colleges is that more and more students are opting for professional courses.

It also revealed that the number of engineering and medical colleges is likely to grow by 67 per cent and 47 per cent, respectively, by 2012 as demand for engineering and medical streams is also increasing.

"The number of engineering colleges in private sector is likely to reach 2,000 and medical colleges 200 in the next two years," Assocham president Swati Piramal said in a statement.

Currently, there are 1,200 engineering colleges and 150 medical colleges across the country.

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