India is renowned for the brilliance it withholds, however, the quotient of the brilliance has shifted from outstanding students to numerous institutions. There is no denying the fact that educational institutes in India have shown mushroom growth in past few years. Every state of India has hundreds of educational institutes offering almost every course and degree virtually available and only a fraction of them are true to impart valuable education to the students.
Another fact that has long been associated with India is its inclination towards limited preferences for higher education, Engineering & Medical. And undoubtedly, Engineering tops the chart of a number of admissions and institutions increasing day by day. This growth has somehow disrupted the balance between students and colleges.
A recent example is 20 plus engineering college applying for their closure. Indeed this would be the first time in India that many institutions have applied for self-closure.
As per a reliable source of All India Council for Technical Education (AICTE), The Hindu reports, approximately 22 private engineering colleges have sought closure permission. The application is filed by the promoters of these colleges, however, the State Government is yet to approve the application to proceed further with the closure.
Contemplating the fact, it is clearly visible that the state is overburdened with the supply of engineers. Every state has a limited demand for engineers, whereas the number of seats in undergraduate engineering degree courses keeps exceeding every year. This has made a tough battle for most of the self-financing colleges to strike a right financial balance. Sadly, all their efforts go in vain as they are financial uprooted completely.
In fact, many of the Engineering colleges have been put on sale. Searching on google, you can find many institutes with an exclusive price tag. The asked price varies from Rs. 25 Crore to a whopping Rs. 300 Crore. These institutes hail from Madurai, Chennai, Tiruchi and Coimbatore.
Talking about the facts, “Only 1,34,994 candidates applied for admission through single window counselling for the 2,77,061 seats in 2016-17,” an official told to a leading daily.
This made a gap and only top 200 colleges were able to fill the seats completely and rest remained vacant. Reportedly, there are some colleges that witnessed only 100 admissions in last two years.
The closure application is a big step for both the institutes seeking closure as well as the Government approving the same. But, it has come as the last resort.
The Government has directed the colleges to make necessary arrangements for the transfer of the students before their application gets approved. Once AICTE is satisfied that the norms are fulfilled, the closure application will be accepted.