Accross the Country, every year approximately 150 to 200 technical institutes that offer engineering and MBA courses close down. But, the Pharmacy colleges are still in boom, which have many takers. This has resulted in various college managements asking for permission to start pharmacy courses.

Anil Sahasrabudhe, chairman of the All India Council for Technical Education (AICTE), said, "AICTE on an average gets applications to cancel permission for 150 to 200 technical colleges. The council also receives over 600 applications annually for starting new colleges in the country."

He had given reasons for closure of colleges which includes:

According to Sahasrabudhe "On an average, in 10,800 colleges in the country, a total of 1.5 lakh technical seats including engineering and MBA seats fall vacant every year".

He further attributed the closure to the severe shortage of qualified faculties, that educational institutes across the country was facing.

"Colleges and institutes across the country now face a 30 percent shortage in faculties which is affecting the quality of education. In order to make up for the shortfall, AICTE has decided that that college administrations can fill up 20 percent of the sanctioned strength with visiting faculties from respective industries," chairman said.