Will FDI play a role in the development of education sector

The proposed government regulation to have FDI in education upto 49% has raised questions over the education system of this country. Having international curriculum in the Indian syllabus will obviously not have a positive response from the critics. Other thing that the government would have to be mind ful of the risks involved regarding the entry of diploma mills. One argument worth considering is that FDI in education would transform and make the education system much more competitive with the quality of foreign education pooling in its resources and different ways of improving the way we teach. If private partnership in banks has been allowed, which has inturn lead to the development of the banking system, making the nationalised banks much more competitive, why not education system which needs a complete overhaul. The UGC from 2005 has inssued deemed status to around125 institutions without taking into account teir level of infrastructure and education. Indeed, theres more and more room of improvement...and discussion...comments would be appreciated....