It is a bold initiative but these universities have to go a long way to make them more academic and all-round. Profit-making may be their primary motivation and that stunts their all-round development. But they are the other options available because student population is increasing by leaps and bounds in Bangladesh. They are necessary but they need to  create better environment to produce functional leaders. They need to be more research-oriented. I tend  not to call an institution a university unless it creates knowledge. 

Students who complete their secondary level education face a very highly competitive exam in Sri Lanka. Only 16% of the qualified students get university entrance. The balance are denied higher education opportunities due to limited resources and facilities in the existing state universities. This is a very big problem in Sri Lanka. If private universities are established, such students will get opportunities higher education. But government should establish a proper quality assurance system to monitor the performances of the private universities. Lets take it positively!.

It is unclear what your question is. It could do with a better formulation.

Private universities wanting to educate young minds seem incongruous and far-fetched in a developing country. I suppose the better qualified students will want to go for the top-tier institutions. Those enrolling in private institutions, may perhaps not have the kind of results that state financed institutions expect. Generally, private institutions require students to pay very high fees – how else will they be able to finance and run the institution?. They are not charity institutions by any means. Here in Europe some countries do have private universities and the fees payable are at least twice as those charged by state-financed institutions. And I am not convinced about the standards.

The main problem with Private Universities is quality. For developing countries, accreditation process is a MUST. There is a lot of corruption at such type of Universities.

Dear @Meena, we have had some threads about private Universities.

https://www.researchgate.net/post/Is_Privatization_of_education_beneficial_for_the_society?_tpcectx=profile_answers

https://www.researchgate.net/post/Will_the_emergence_of_private_universities_be_useful_for_education_and_research

https://www.researchgate.net/post/In_your_eyes_which_type_of_Universities_are_better_Private_or_Public

Diversity & competitor in education systems  , is a good start to promoting together functional education 

Yes, Prof. Ljubomir, Education in Corruption is undesirable.

So, the Monitoring and Evaluation of the Quality of Private University is important to carry out. 

Strict control on private universities is mandatory, but most of the developing countries are facing bad governance problem.Very few private universities are providing quality education in Pakistan.

I think there is future for private universities in India due to a sky-rocketing number of students and a corresponding lack of new public ones.

It is next to impossible to evaluate the private ones by the local bureaucracy, so they are really necessary and they solve the problem of demand in the near future. They will be evaluated by the new graduates they will produce.

Do you think private universities are the necessary in developing countries for improvement of educational qualities ?

Think when private universities are positioned strategically & carefully in developing countries can improve their educational qualities.  Detailed justification / discussion can be found in my answer for this RG link:

https://www.researchgate.net/post/Is_Privatization_of_education_beneficial_for_the_society/2

Do you think private universities are the necessary in developing countries for improvement of educational qualities?

I think, yes. Despite the fact that, the quality issues must be kept continuously, but besides the pubic ones, the private universities are also the essential actors to improve the quality of the higher education world in developing countries.

In addition, although most private institutions may insufficient in the quality aspect, but they may contribute to the affordability and accessibility aspects the higher education world with regard to the contextual conditions of the developing countries. I think, like in Indonesia, the higher education world in India may have similar contextual constraints around about quality versus resources, quantity versus equity, and unity versus diversity.

Private Universities are the need of time but firm quality control on standard education among private universities is required, however in most of the developing countries, there is poor quality control on standard education among private universities. A few private universities are delivering quality education in Pakistan.

The Quality of Higher Education in Developing Countries Needs Professional Support

"In developing countries, higher education, and particularly university education is recognized as a key force for modernization and development...

The higher education institutions are either private or public. Private institutions generate money from fees and external aid, while public institutions get government grants as well as generating funds from fees and donors..."

Dear @Dr Meena, it is fine resource which was used without citing and appropriate link by dear @Abishek. It is very bad practice!!!

http://www.intconfhighered.org/FINAL%20Sarah%20Bunoti.pdf

Well as you said mam that there are a lot of private universities in India but i want to ask how many provide quality education to their students. Now at this position i want to say that the students that study in that university will make a huge impact to the university reputation but i feel if he is taught and given some advice and made to know about how the things happen then he will surely develop and with him many students will know and they will also try to develop and then on the whole the university will be made reputed in that aspect. And for developing of a country yes the private universities also play a major role as, if any university is developing then with that the country will also develop and students play a major role in that development. Yes but only the private does not make the country developed but i plays a part in the development