Pitroda proposes $500 million fund to attract star professors
February 2nd, 2010
Following is an excerpt from a report in Telegraph.
Former National Knowledge Commission (NKC) chief Sam Pitroda has proposed a $500-million dedicated fund to attract select global academic and research pioneers to India as part of the education reforms.
Pitroda has written to the Prime Minister’s Office proposing a Global Professors’ Fund to lure some of the world’s best brains to teach and pursue research in India, The Telegraph has learnt. …
The proposal, if accepted, will be the first time that India will dedicate a part of its national budget specifically to attract handpicked foreign faculty and researchers. It is likely that the select few will be winners of Nobels, Fields Medals, or other teachers and researchers globally renowned for path-breaking work in their subjects. …
The sum of $500 million Pitroda has proposed amounts to around Rs 2,300 crore at current dollar-to-rupee conversion rates. The amount is greater than the Rs 2,005-crore budget for the 15 Indian Institutes of Technology in 2009-10. …
The human resource development ministry, as a part of a “brain gain” policy, … The policy is a key component of wide-ranging higher education reforms the UPA government has proposed in its second term. Many of the reforms, such as creating a single, overarching higher education regulator and expanding higher education by encouraging private and public-private investments, are outcomes of the NKC’s recommendations during the UPA’s first term.
But Pitroda’s proposal for a professors’ fund effectively argues that mere structural changes — such as amending laws or policies — may be inadequate in luring some of the world’s best faculty and researchers.
Entry Filed under: Higher Education Initiatives