 "FDI, foreign investment")
Finance minister Nirmala Sitharaman's announcement on steps like enabling sourcing funds via foreign direct investment (FDI) and external commercial borrowings (ECBs) in education could boost research infrastructure across institutes, say experts.
"It is felt that our education system needs greater inflow of finance to attract talented teachers, innovate and build better labs. Therefore, steps would be taken to enable sourcing External Commercial Borrowings and FDI so as to able to deliver higher quality education," Sitharaman said in her budget speech on Saturday. She proposed to provide about Rs 99,300 crore for education sector in 2020-21 and about Rs 3,000 crore for
