New Delhi, June 14 (UNI) Mumbai, the commercial capital of the country, is all set to become a world-class education hub with the Government on Friday paving the way for five globally renowned universities from the United Kingdom, Australia, the United States, and Italy to establish campuses in the city.

At an event held in Mumbai today, Dharmendra Pradhan Union Education Minister issued Letters of Intent (LoIs) to the prestigious institutions including University of York (UK), University of Aberdeen (UK), University of Western Australia (Australia), Illinois Institute of Technology (USA) and Instituto Europeo Di Design (IED) (Italy), as per a statement issued here.