He was speaking at the Global Summit on Higher Education organized by CII on Tuesday, Feb 16.
Sibal said, "A better economic model would establish global campuses in India and train people right here rather then taking them out of India."
"For this to happen, India needs to gear up, become ready and accommodate all the foreign attention and give them their due return for the investment in our country," he said.
The HRD Minister further said, "Education in India will fuel the global economy in the next 20-30 years."
He also projected India becoming the knowledge destination, the world's research hub and the education capital of the world.