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Message: <blockquote data-quote="Freezii" data-source="post: 8546308" data-attributes="member: 314153">Sri Lanka offers free land and tax concessions to attract top foreign universities Thu, Oct 14, 2010, 11:36 am SL Time, ColomboPage News Desk, Sri Lanka. <img src="http://www.lankapage.com/pix_small/UGClogo.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />  Oct 14, Colombo: Sri Lankan government is  offering free land and tax concessions to encourage top ranking foreign  universities to set up branches in the country.    The government announced that it is taking measures to attract  higher education institutions ranked among the top 1,000 in the world to  Sri Lanka.    The Ministry of Higher Education is currently holding discussions  with 23 such institutions and 15 of them have shown a positive response,  the Sri Lankan government media unit said today.     The government says it will give tax holidays under the Board of  Investment law and free land, provided, that 20 percent students are  admitted free and the government gets a stake in the venture.     The foreign universities can either lease or buy land and those that  set up colleges outside the capital Colombo such as Jaffna, Galle and  Kandy will get more generous tax holidays, the government said.    Australia's Monash University, China's Beijing State University,  India's Bangalore-based Manifai Medical College and the London School of  Fashion are some of the institutions currently in discussions with the  Ministry.    The government plans set up a quality assurance and accreditation  council to regulate foreign affiliated higher education institutes that  are already established in the country.     The Higher Education Ministry said currently measures are underway  to amend the University Grants Commission which oversees Sri Lanka's  state universities and licenses new.    Sri Lanka's highly competitive national examinations only allow few  students to enter the government universities and students who can  afford the tuition of foreign  universities leave the country taking the  foreign exchange with them.    The government's measure to liaise with major universities overseas  to set up private universities in Sri Lanka is aimed at retaining those  students and curb the foreign exchange outflow.</blockquote>

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