India, June 15 -- Indian students dreaming of a cheaper global education have a boon coming their way. In a first, the University Grants Commission on Saturday issued Letters of Intent (LoIs) to five well-known international universities to set up full-fledged campuses in the country. These campuses will all be in Navi Mumbai, creating the country's first international education hub.

This announcement was made by CM Devendra Fadnavis at the 'Mumbai Rising: Creating an International Education City' event at the Taj Hotel, where union education minister Dharmendra Pradhan was present along with Maharashtra higher and technical education minister Chandrakant Patil, UGC chairman Vineet Joshi, bureaucrats, diplomats from the UK, Australia, US...