HPU Charts New Path to Financial Sustainability with Innovative Revenue Strategies
Himachal Pradesh University (HPU) is taking decisive steps to manage its rising expenses and enhance its financial sustainability. The university has revived plans to establish its own printing press, a long-considered idea that had previously remained unimplemented. By setting up an in-house printing facility, HPU aims to significantly reduce the costs it currently incurs on outsourced printing jobs through a one-time investment.
In a recent meeting of the Resource Mobilization Committee, chaired by Vice Chancellor Prof. SP Bansal, various strategies for boosting revenue were discussed. Along with the printing press initiative, the university plans to optimize its transport services by outsourcing them through competitive tenders. Additionally, transport fares will be set at 50% of the rates charged by the Himachal Road Transport Corporation (HRTC), making them more affordable for students while maintaining cost-effectiveness.
Another key focus is on maximizing the potential of existing university assets. The Center for Distance and Online Education (CDOE) building in Noida, which is currently underutilized, will be rented out to generate additional income. The university is also exploring other revenue opportunities from this property to fully leverage its value.
To further increase its income, HPU plans to introduce a nominal fee for students to support the operational costs of its online services. Newly constructed shops on the campus will also be rented out, contributing to the university’s revenue stream.
Looking ahead, the university is revisiting plans to expand its campus at Ghanahati. This expansion would allow HPU to introduce more professional courses and improve student amenities, including additional hostel facilities, which are expected to boost its revenue base significantly.
Prof. Bansal highlighted that once these initiatives are implemented, HPU could generate an additional ₹50 crore annually. These efforts reflect the university’s commitment to maintaining financial stability while continuing to provide quality education and services to its students without overly depending on external funding.
