Hi,
Please find attached as well as appended the pre-budget expectation reaction on behalf of Mr. Ninad Karpe, CEO & MD, Aptech Limited as well as his photograph for you reference
Mr. Ninad Karpe, CEO & MD of Aptech Limited shares his views on pre-budget expectations
“Indian education and training sector has not received the attention it deserves. Hopefully, the Budget will ensure address the following 3Ps for education sector:
· Participation: private players should be allowed to participate and contribute to this sector in a more unfettered manner.
Education sector is a vast segment encompassing primary, secondary, college as well as vocational training. The size of the private sector education industry is around $40bn and growing at a rapid pace. While India does need IITs, IIMs and medical colleges, the real requirement is at the primary level. According to a report prepared by CLSA, around 40% of the country’s 361m school-age children don’t attend classes, which is 142 m – a massive number!
Private players can play a key role in each of the segments – primary, secondary, universities and vocational. What is required is clarity and transparency in regulations, removal of multiplicity of regulatory framework and unambiguous policy direction. If the government provides sops to private players, it will help in jumpstarting the entire process.
· Performance: quality provided to the students needs to improve and should be monitored especially in state managed education institution.
With education being the foundation for construction of a developed society, the state needs to give priority to the development of educational undertakings. Since Independence, state governments have been the major providers of elementary education in India. However the wide differences between states in the emphasis they placed on education and in their capacity to invest in it, accentuated the disparities in the educational attainments of their people. The quality of education provided at state managed institutes are not up to the mark, there is an immediate need to improve the facilities as well as the infrastructure of the state-run institutes. Constant monitoring and improvement in the quality of education imparted will surely help raise the literacy levels in the country.
· Proportion: larger amount of money from the Budget needs to be allocated, as it is really an investment in India’s future
Education has to be perceived at each of the opposing ends of the spectrum - the provision of access to quality and affordable basic education, and broadening the delivery capability of higher education without compromising on quality. Shortage of funding and support with consequent faculty and infrastructure shortages have hampered basic education, whereas, the opaque nature of transactions driven by multiple regulators and restricted scope of operations has been the bane of higher education.
According to Planning commission there is a requirement of $250 billion and only $30 billion has been allocated so far. Therefore, it is imperative to involve all stakeholders to cater to the needs of youngsters and to impart skills to absorb them in the economy. Again, the PPP model must be kept in mind when setting up the syllabi and training youngsters. It is important to know which sector needs most human resources and of what quality. For instance, there is a need to have courses for paralegals or for artisans and have associate degrees for these vocational courses. There is a definite need for the economy and the education system to cater to that.
If these simple steps are taken, it will have a Domino’s effect on the entire education and training industry”
Do let me know if you require anything further.
Thanks & regards
Sarah Jacob Tharakan
Account Executive
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