Clarifying that the government was not against private participation in the education sector, Sibal said private participation was different from privatisation, which serves private goal.
"I do not mean there should be no private participation in education. It is different from privatization. Private participation must serve public goal," Sibal said on the margins of the 36th annual convocation of the state-run Indian Institute of Management-
In this context, Sibal referred to the government's efforts to set right the education system to make sure stakeholders served a societal purpose.
"The ownership of educational institutions should vest in stakeholders, which includes government, , faculty, youth, civil society, leaders who have achieved excellence in their fields and the student . That is how we view education," Sibal said.
To facilitate a greater participation of the private sector in higher education, especially in professional courses, the minister said the government was changing the regulations of the All