The education system in India has a long and rich history. The Takshaslia is regarded as the earliest example of what has is now known as a university and was operating in India in the 5th century BCE. There are some implications to these changes in funding and emphasis. What is already apparent is that the extra state autonomy also equates an education system that is more open to outside corporation. The Foreign Education Bill aims to regulate and promote the increased participation of foreign universities in India, with the hope that they can aid the reform process. This bill has yet to be passed into law, and political entrenchment is likely to mean that it will not be passed in the short term, however there is now a favorable perception of the research benefits that leading international universities might bring.