Indian students spend close to $13 billion on studying abroad every year and foreign universities are lining up to tap this emerging market. The latest entrant is the Ottawa-based Carleton University, which is trying to woo Indian students.
As part of its attempt to attract more Indians to its campus, the Canadian University has started a scholarship programme for Indians interested in studying engineering.
In order to tap the Indian market, the University has signed a slew of agreements with the University of Petroleum and Energy Studies in Delhi on renewable energy and aerospace engineering and with Jindal Global University on business management.
These agreements provide a framework for exchange of faculty and students for joint research projects, academic exchanges and collaborative programs.
“Both our governments are looking at increasing trade and cooperation with each other. Our aim of tying up with local universities is to see how we can help do that in the field of education,” Roseann O’Reilly Runte, president of Carleton university, said.
Carleton University, which has a population of 26000 students, 10 per cent of whom are overseas students. Of this 10 per cent, Indians form the second largest ethnic group after the Chinese. The University is now looking at increasing this number by five per cent every year.
According to Industry body Assocham, 4.5 lakh Indians spend close to $13 billion dollars is spent every year by for studying abroad.
Every year, nearly 1.5 lakh Indians secure admissions to foreign universities. The US, UK and Australia attract maximum number of Indian students.
The entry of Indian students in Canada is relatively low with only 6,000 students presently studying in Canadian institutions. The Canadian government is now trying to increase this number.
The Carleton University, through its Canada-India center, will host two international summits later this year that will bring together top academia members and government and industry leaders from both the countries.
The Canada-India Innovation Summit, will take place from May 9 to 13 while the
Canada-India Education Summit will focus on a dialogue between vice-chancellors from India and Canadian university executives on issues surrounding leadership and strategies for higher education.