FICCI says new education policy fairly well structured, its suggestions taken

FICCI says new education policy fairly well structured, its suggestions taken

The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the National Education Policy (NEP), 2020 released by the Union government on Wednesday calling it fairly well structured.

Dr. Sangita Reddy, president of FICCI said the new policy has set a new paradigm by emphasizing multidisciplinary and liberal education. “It has done away with the affiliating system and moved towards institutional and faculty autonomy. It paves the way for co-existence of public and private higher educational institutions on equitable terms to promote research.” She said it is extremely important to engage relevant stakeholders including industry association bodies for effective and smooth adoption of changes envisioned in the national education policy.

Mohandas Pai, Adviser of FICCI Higher Education and Skills Committee and Chairman o Manipal Global Education, said, “It is very heartening to see that most of the recommendations that were suggested in the FICCI Vision 2030 document have been adopted in the National Education Policy.” The FICCI Higher Education that started its journey of reform since 2004 had come up with a transformative recommendation through its report ‘Higher Education in India: Vision 2030’. It was released in 2013. He was referring to the creation of a tiered structure with Type I, Type II and Type III Higher Educational Institutions (HEIs). “It is very much in line with the FICCI vision report.”

Dr Vidya Yeravdekar, Chairperson of FICCI Higher Education Committee and Pro-Chancellor, Symbiosis International University, said that the overall emphasis of NEP is to ensure quality with a predominant focus on equitability, inclusivity, and accessibility in the Indian education system. While highlighting the significance of academic credit banks and internationalization of higher education and its appropriate focus in the education policy, she said, “The new education policy is not only student-friendly but also what the academia have appreciated.”

Dr Rajan Saxena, former chairman of FICCI Higher Education Committee, said the provision of creating the National Research Foundation (NRF) with an annual non-lapsable fund of Rs 20,000 crores extending to both public and private sector HEIs is a great move. “If implemented in letter and spirit it would certainly revolutionize the much-needed research ecosystem in the country.”