Central government has been working out various ways to attract private players and corporates to invest into education.
In the recent meet, Planning Commission Deputy Chairman Montek Singh Ahluwalia has stressed the idea of funding students instead of universities and hiking university fees.
The plan panel committee headed by Narayana Murthy has suggested to allocate the land for free for 999 years to attract private investment in education.
The committee also argued that the contributions made by a corporate, a foundation or grant-making entity to higher education institutes should be eligible for deduction from taxable income to the extent of 300% of such contribution.
HRD minister Kapil Sibal said: "Private sector is not going to invest unless you give them appropriate environment and the fundamental (requirement of private sector) is land."
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