`India to have over 600 pvt mgmt colleges by 2012`

The number of private management institutions in the country is expected to double from the present 300 in the next two years, as the government has reduced its spending on higher education, an industry chamber study said.

New Delhi: The number of private management
institutions in the country is expected to double from the
present 300 in the next two years, as the government has
reduced its spending on higher education, an industry chamber
study said.

"The number of private management colleges are expected
to touch 600 mark from 300 now by 2012 as the public
expenditure on higher education has been reduced which has
encouraged investments by private sector," Assocham study
said.

The study said another reason for increasing number of
these colleges is that more and more students are opting for
professional courses.

It also revealed that the number of engineering and
medical colleges is likely to grow by 67 per cent and 47 per
cent, respectively, by 2012 as demand for engineering and
medical streams is also increasing.

"The number of engineering colleges in private sector is
likely to reach 2,000 and medical colleges 200 in the next two
years," Assocham president Swati Piramal said in a statement.

Currently, there are 1,200 engineering colleges and 150
medical colleges across the country.

PTI

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