The Foreign Higher Education Institutions in India (FHEI) regulations, recently announced by the University Grants Commission (UGC), have the potential to mark a great leap forward in improving higher education standards in India. Much, however, will depend on the spirit in which the regulations are observed by the UGC and the political dispensation. To be sure, these regulations represent considerable progress from the 1990s and early years of this century, when both the Bharatiya Janata Party and the Left parties strongly opposed a Bill allowing the entry of foreign institutions and it was introduced by the United Progressive Alliance in