University Grants Commission chairman M Jagadesh Kumar on January 5, 2023 unveiled draft norms under which foreign universities will be able to set up their campuses in India for the first time.
While these universities will have the freedom to devise their own admission process and fee structure, campuses in India will be allowed to offer full-time programmes only in physical mode.
On matters related to funds and funding, UGC said cross-border movement of funds would be according to the Foreign Exchange Management Act.
The final norms will be notified by the end of January 2023 after taking into account feedback from stakeholders.
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