Education Industry

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EDUCATION

According to the India Brand Equity Foundation (IBEF), India holds an important place in the global education industry. The country has more than 1.5 million schools with over 260 million students enrolled and about 751 universities and 35,539 colleges[1]. India has one of the largest higher education systems in the world, and is ripe with opportunities.

India has become the second largest market for e-learning after the US. The sector is currently pegged at US$ 2 billion and is expected to reach US$ 5.7 billion by 2020. The distance education market in India is expected to grow at a Compound Annual Growth Rate (CAGR) of around 11 percent during 2016-2020. Moreover, the aim of the government to raise its current gross enrollment ratio to 30 per cent by 2020 will also boost the growth of distance education in India[2].

Some interesting Facts:

  • The total amount of Foreign Direct Investments (FDI) inflow into the education sector in India stood at US$ 1.42 billion from April 2000 to March 2017, according to data released by Department of Industrial Policy and Promotion (DIPP)[3].
  • The Budget has pegged an outlay of (US$ 11.952 billion) for the education sector for financial year 2017-18, up from (US$ 10.859 billion) in 2016-17 – 9.9 per cent rise[4].
  • The Government of India has allocated around (US$ 2.55 billion) towards skilling, employment generation, and providing livelihood to millions of youth, in order to boost the Skill India Mission[5].
  • The Government of India and the World Bank have signed a US$ 201.50 million International Development Association (IDA) credit agreement for the Third Technical Education Quality Improvement Program (TEQIP III), aimed at improving the efficiency, quality and equity of engineering education across several focus states[6].

Cross Border Education Challenges

  • Strategic Market Assessment
  • Assessing the India Education Sector and Opportunities, Including Appropriate Local Frameworks and Platforms
  • Targeted Content Development Programs to Maximize Student Enrollment
  • Business Model Frameworks, Including Licensing, Partnerships and Strategic Alliances
  • Finding, Properly Vetting and Entering into Such Affiliate Relationships
  • Access to Local Financing
  • Creating Brand Ambassador Education Platforms in India
  • Cross-Cultural Deal-Making Custom and Practice in the U.S. v. India, Including Negotiation Protocols and “Do’s” and “Don’t’s”
  • Governmental Approvals and Requirements
  • India / U.S. Business Entity Formation, Licensing and Permitting
  • Local Legal Issues, Including Deal Structure and Documentation, Labor Law Compliance, Deal Structure and Documentation
  • International Tax Issues, Including Tax Efficient Deal Structuring, Withholding, Tax Treaty Planning & Benefits, Tax Deferral Strategies, Etc.

Services provided by India Global Advisors for the Education industry:

  • Outbound (for U.S. Universities)
    • Assist premier U.S. based Universities with in-depth understanding of Indian market since India is not a single-market.
    • IGA can help Universities develop Education curricula, systems and packages that are suited for various Universities in India.
    • Develop, market and increase the awareness of the best education systems from S. premier Universities
    • Developing comprehensive partner programs in India
  • Inbound (For Students in India)
    • University Selection – IGA can help Indian students and their families choose the best university suitable for each specific student, based on their long-term goals and objectives, as well as understanding the process of applying and starting the university, and getting the “real” story behind the dream of studying abroad.
    • One-on-One University Consulting, “The Real College Story”– Prior to spending US$80,000 to $100,000 ++ for your education abroad, consult with an IGA advisor, whose team members are alumni from various top universities, including USC, UCLA, and Northwestern, to get the “Real College Story”, and see if its worth your and your family’s investment – an IGA advisor will give you the “real” story on studying abroad, life at the university (what to expect), realistic job prospects and processes (including what you can do to put yourself ahead of your competition), college specialties, living in the US, and answers to the numerous other questions that you and your families will have in the decision making process.
    • University Essays and Recommendation LettersReview– As these items play a major role in deciding your admission to any premier university, it is critical that the essay and recommendations meet U.S. standards and requirements. As IGA team members include alumni from top universities and also experienced attorneys, we can help review your essays and recommendations.
    • Moving In Transition Services– Prior to starting at a university and the move-in process, which not only can be very exciting, but equally stressful for a student and their family, IGA can ease some of this stress thru a variety of services, including finding suitable accommodations and student housing, on-campus or near-campus jobs, bank accounts, etc.

Education Success stories:

 Education Sector Will Grow At 7.5% To $144 billion By 2020

 Education sector gets about 9 per cent hike

 

[1] India Brand Equity Foundation (IBEF)- https://www.ibef.org/industry/education-sector-india.aspx

[2] India Brand Equity Foundation (IBEF)- Education and Training- June 2017

[3] India Brand Equity Foundation (IBEF)- https://www.ibef.org/economy/foreign-direct-investment.aspx

[4] India Brand Equity Foundation (IBEF)- https://www.ibef.org/archives/detail/b3ZlcnZpZXcmMzc3MzImMTA1Ng==

[5] India Brand Equity Foundation (IBEF)- https://www.ibef.org/archives/detail/b3ZlcnZpZXcmMzc3MzImMTA1Ng==

[6] The World Bank- http://www.worldbank.org/en/news/press-release/2017/02/01/project-signing-world-bank-government-sign-new-agreement-improve-quality-education-across-200-engineering-institutes

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