Impact of Foreign University Collaborations on Indian Commerce Colleges: Studying abroad is a dream for many Indian students. However, not many Indian students can afford education. To match this need gap in 2016, the Ministry of HRD, Government of India, made amendments to the UGC program to respond to the aspirational needs of students.
Impact of Foreign University Collaborations on Indian Commerce Colleges
In India, foreign collaboration agreements are being made between India and foreign companies through the sale of technology, spare parts, and the use of foreign brand names for its final products. The central concept of foreign collaboration is joint participation between host and foreign countries for the establishment of an organic form of enterprise in the host country involving profit-seeking relationships.
Foreign Collaboration In India
In India, foreign collaboration agreements are being made between India and foreign companies through the sale of technology, spare parts, and the use of foreign brand names for its final products.
Why do students want to join an institute that has a foreign collaboration? Many Indian students who were looking for a global experience but could not afford the expensive fees of study abroad programs could now get the best of both worlds. Stay in India while developing a global perspective with foreign collaborations
Who Should Consider a Foreign Collaboration Program
- Any student who cannot afford to study or live abroad for a long-term course.
- Students who want to get global exposure without leaving the shores.
- Students who have personal responsibilities and family compulsions that don’t allow them the leeway to study abroad.
Why Local Institutes Should Tie Up With Foreign Institutes
Local universities benefit from foreign tie-ups with reputed foreign universities
1. The exchange of intellectual ideas
The healthy exchange of knowledge, insight, and information brings a wealth of know-how into the local institute. This creates a breeding ground for new ideas and research.
2. Faculty interaction and academic activities
Indian universities can help upgrade their training program for the faculty with the interaction with international faculty and administration.
3. Lucrative for Indian Students
More Indian students are looking forward to enrolling in such programs. However, universities must find an equal collaborator where the local universities can gain from the exchange.
4. Have Better Campus Placement Results
Companies looking for students with a global education profile are happy to visit colleges offering collaborative courses for foreign education.
5. Access to a Richer and Diverse Breed of Students
The exchange program attracts a targeted group of students who understand and value foreign education. This brings together a richer network of students, who in turn become brand ambassadors for the institute and create a rich and diverse student profile.
How Does This Foreign Collaboration Benefit the Industry?
The industry is the litmus test of foreign collaboration. Multinationals looking for local talent with a global perspective prefer students who have been educated in twinning programs. At the same time, companies have to pay considerably less than their global counterparts, who recruit on foreign campuses. Universities that don’t match up to the accreditation guidelines set up by the Ministry of HRD don’t get to enjoy the benefits of foreign collaboration.
How Will Students Benefit From Foreign Collaboration?
Till recently, foreign education was for the upper sections of the economy. The big band of middle-class India was left out because of prohibitive costs. The government took cognisance of the matter and how education plays a big role in the development of the economy. In a bid to bridge the class divide, the government has opened the door for foreign investment in Indian education. With a twinning program, students get to develop a global personality.
The current openness to collaboration with internationally ranked higher education providers is welcome, as it allows for rewiring not only the curriculum but also, more fundamentally, the pedagogy. Global education recognises that a key to employability is problem-solving and multicultural teamwork. Testimonials of students who have studied abroad repeatedly refer to how the pedagogy emphasised learning in place of teaching.
Conclusion
In this article we discussed the impact of foreign university collaborations on Indian commerce colleges: Studying abroad is a dream for many Indian students. The enriching student exchange program also ensures that candidates have a real-life experience living abroad.
