The interest of entrepreneurs and private equity players to invest in this sector is generated due to the fact that the sector is not affected much by recession and requires minimal working capital. Some of the recent major investments in the education and training sector in India are as follows: • Tata Consultancy Services (TCS) has joined hands with the Indian Institutes of Management (IIMs) for a five-year contract of US$ 5 million to conduct the Combined Aptitude Test (CAT) examinations in India. • The Arya Vaidya Chikitsalayam and Research Institute, Coimbatore, and the University of Latvia have joined hands