Austalia's Deakin University to set up first foreign university in India
"The university has already filed its application with the International Financial Services Centres Authority (IFSCA), which regulates GIFT City, to establish the campus and begins operations from 2024, sources told the newspaper. The first batch of students to be admitted will be for postgraduate courses," they added.
Austalia's Deakin University to set up first foreign university in India
Deakin University, one of top Australia's institutions, has become the first foreign university to set up its campus in India. Deakin's Indian campus will be located in Gujarat's GIFT City, the Indian Express report said, adding that an official announcement is likely to be made on March 8, when Australian Prime Minister Anthony Albanese will visit Ahmedabad.
"The university has already filed its application with the International Financial Services Centres Authority (IFSCA), which regulates GIFT City, to establish the campus and begins operations from 2024, sources told the newspaper. The first batch of students to be admitted will be for postgraduate courses," they added.
Deakin is ranked 266th in the QS World University Rankings, and is placed in the 250-300 band in the Times Higher Education World Rankings. The institute has four campuses in Australia - two of them are in Geelong, and one each in Melbourne and Warrnambool. Indians reportedly account for the highest share of overseas students, at 27 percent, followed by Chinese students who make up 22 percent of the overall international students community of Deakin.
The report of Deakin setting up its Indian campus comes over a year after Finance Minister Nirmala Sitharaman had said that the government would permit top foreign universities' entry into GIFT City. They will be allowed to offer courses in a number of streams including financial management, FinTech and science “free from domestic regulations…”, she had said.
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