A total of 127 firms have been qualified by the Human Resources development (HRD) ministry to partner with the government to build 459 model schools under the public-private partnership mode.
Companies such as Bharti Foundation, Adani Foundation and IL&FS Education and Technology have been qualified.
Private sector players will acquire land, build infrastructure and manage and operate the schools.
Montek Singh Ahluwalia, Deputy Chairman of Planning commission, stated:
The government will be paying from the existing budget and has not made any special separate budget for the same. We are not paying for the capital payment.
The Model School Scheme of the Ministry of Human Resource Development, Government of India aims to set up 2,500 model schools under PPP mode as benchmark of excellence. Initially, 459 such schools are proposed to be set up.
The Ministry of Human Resource Development, Department of School Education and Literacy accordingly invited qualification proposals from interested private entities in 2012.
India's education sector has been widely criticized for the lack of imparting quality education.
See list of qualified firms: http://mhrd.gov.in/sites/upload_files/mhrd/files/RFQ-II_Result_Notification.pdf