Among the 40 colleges many of them were situated in the rural or semi urban areas. But, the most sorrowful part is that the students who passed out of these colleges are still unemployed. During the last two years, the self financed colleges which offered engineering, management and pharmacy education had quickly grown in the state. At least 36 such colleges, including about 20 technical colleges have closed since 2010 onwards.
In the academic year 2012-13 out of 55,700 seats in degree engineering colleges, including Government and private self-financed ones around 8,500 seats were lying vacant. And out of 58,000 of Polytechnic colleges which offered Diplomas in Engineering saw around 5000 seats lying vacant.
Moreover, around 110 management institutes 14 of them had to shut close last year and five more institutes has sought permission to do so from the Gujarat Technical University (GTU) and the All India Council for Technical Education (AICTE).
A survey which was conducted by the Associated Chamber of Commerce and Industries (Assocham) disclosed that around 180 management colleges had shut down in 2012 in major cities such as Ahmadabad, Mumbai, Lucknow and Bangalore which other 160 have struggled a lot to survive. And only 10% of the students who graduated from these colleges were found eligible.
In the last five years, the number of B-schools in India had tripled to about 4,500, offering 3,60,000 MBA seats. The demand has begun to deflate now, as economic growth has hit its slowest in the last nine years and the quality of education provided by B-schools has come under the radar.
Similarly, nearly 95 colleges stopped offering the Master of Computer Application (MCA) course this year and only 25 started MCA courses.