‘Education sector needs $400 bn’

India needs $400 billion investment — equal to 80 per cent of its infrastructure funding requirement — in education over the next decade, as it views the sector to be as important as economic growth.

India needs $400 billion investment — equal to 80 per cent of its infrastructure funding requirement — in education over the next decade, as it views the sector to be as important as economic growth.

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Human Resources Minister Kapil Sibal, who met three Cabinet ministers and 16 vice-chancellors in London, outlined India’s massive plans in education. The minister also met heads of schools, who briefed him on taking education to the disadvantaged.

Sibal, who is on a four-day visit to Britain, said collaboration with British universities will be key to the United Progressive Alliance (UPA) government’s plan to build at least 30,000 colleges and 800-900 universities by 2010.

The role of Britain, which along with the US is a world leader in education, will be to help deliver ‘quality’ to Indian institutions, he said.