Addressing the gathering here, Sushma Berlia, President Apeejay Stya Group said, "The roles of the Regulatory bodies need to be reviewed in order to act as a true facilitator, and an enabler.
"There has been only one-way communication by government to the education providers for any kind of regulations, governance, finances, etc. The functioning of the regulatory bodies should be participatory with all the stake holders," she said.
"New regulatory environment needs to provide adequate space for innovation and experimentation and facilitate growth of private sector," she said.
She ponited out that financing agencies should fund public sector institutions and provide grants for research/scholarship/aids etc.
As far as affiliated colleges are concerned they should be left to the concerned university to ensure minimum standards and quality, Berlia recommended.
Berlia added, "In my view SEBI is a good example of how a regulator has been able to be successful in maintaining quality without hindering growth and the affiliating universities should function more on the pattern of CBSE, if we really want private sector to come up in Higher Education and in Skill Development."