The foreign institutions will be subjected to the same laws as are applicable to private educational institutes in India. "There will be no discrimination and no favouritism. We will give them a level-playing field," Sibal told reporters.
"Nobody is going to come to India to give to India without anything in return. Let us be clear on that. We have to provide them with the opportunities in which we believe that we can gain and there is something in it for them as well," he said.
While opening its doors to US educational institutes, Sibal said India will be cautious to ensure that no "fly-by-night operators" set up shop in the country.
His remarks came against the backdrop of a raid on the Tri Valley University in California earlier this year following which it was shut down over an alleged immigration scam, putting the future of hundreds of Indian students in jeopardy.
In a joint statement on higher education cooperation released at the conclusion of the summit last evening, Clinton and Sibal agreed to make the higher education dialogue an annual bilateral event to "map out strategies for partnership in the field of education" between the two countries.