Corporates get MCI’s nod to set up medical colleges
The Medical Council of India has permitted corporates and “for profit” institutions to start medical colleges in the country. Nearly two months after the Niti Aayog committee recommended privatisation of medical colleges, the general body of the council that met in New Delhi recently resolved to allow corporate companies to start medical colleges. If the Supreme Court-appointed oversight panel and the Ministry of Health and Family Welfare approve this, corporates can apply for new colleges, as per reports. At present, educational institutes are run by government or registered not-for-profit societies or charitable trusts. Foreign direct investment rules also prohibit investments from foreign companies in these societies or trusts. Though a group of doctors in the general body raised concerns that allowing corporates will further commercialise education, a majority of them said that allowing corporates will improve standards to the level of Harvard and Oxford universities.