Enterprise Ireland has a 5-year target for 5,000 Indian students to study in Ireland with a 120% increase to date this year in Indian applications to study here. However, apart from the private sector institutions which in the past resulted in a ban by India on an education trade mission to the country, there is unsurprisingly no information on the capacity to handle additional numbers or the cost of additional public investment that would be required.
Richard Bruton, enterprise minister, announced today: "On the jobs front, we can anticipate over 650 new jobs on the basis that approximately 13 new jobs are estimated to be created for every 100 international students that come here."
This is typical: a handy metric to hand on the number of jobs that would be created but no information on what additional public investment is required.
UCD is to open an office in Delhi to support partnerships in education, research and innovation with institutions, companies and other organisations in India, as well as support students who apply to UCD. The university is also launching four ‘V.V. Giri’ Global Excellence Full Tuition Fee Scholarships. V.V. Giri, the fourth president of India, studied Law in UCD between 1913 and 1916.
Enterprise Ireland’s strategy is to grow the number of Indian students to over 5,000 over the next five years, generating fee income of approximately €50m, with a further €50m direct spend in the economy on accommodation, services and other related expenditure.
Ireland's goods exports to India were insignificant at €235m in 2012 compared with €337m in exports to Romania. Imports were valued at €365m. Services trade with India does not even merit the CSO to publish separate country data.
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