Over 80 technical and management colleges have shut down their shutters this year till now, with maximum of them being management institutes. This was revealed by AICTE officials on June 25, 2012.
Out of 81 colleges closed down this year, 50 are management, 8 are engineering colleges and remaining is from other streams.
Most of the colleges closed are located in Andhra Pradesh. About 41 engineering colleges across India were closed their operations in 2011.
While revealing the probable reasons for closure of a large number of management institute, sources from AICTE expressed that only those business schools are preferred by the students which have corporate tie-ups to impart practical training to hone the skills of the students.
At present there are more than 11000 technical institutes including 3900 engineering, 3700 polytechnic and 3800 management colleges functioning in India and most of these colleges are running in Southern parts.
This year AICTE has received proposals for 315 new colleges of which 174 are polytechnic institutes.
As per an estimate, around 25 lakh students pass out from polytechnic institutes in India while the industry requirement stands at approximately 1.3 crore.
AICTE has also introduced a NVEQF (National Vocational Education Qualification Framework) to encourage more students and hone their skills in various industry verticals to make them job ready.
One of the important features of this framework is that students would get multi-level entry and exit alternatives to facilitate employment opportunities for them after class XII boards.
Source: Times of India
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