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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5008)	7/8/1999 3:34:00 PM
From: Mohan Marette	Read Replies (2) of 12475

Joint venture for business school Our Bureau CHENNAI, July 8 THE Melewar Academia group of Singapore, the Ceylinco group of Sri Lanka and the Shriram group ( youngindia.com of Chennai have forged a joint venture for launching the AEC Business School. The school would offer management courses and award international management degrees. Initially, it would offer MBA courses in a tie-up with Maastricht School of Management of the Netherlands. Addressing a press conference here, Mr. Tunku Iskandar, President of Melewar Academia Holding of Malaysia, said that Chennai would be an ideal location for promoting this school and was hopeful that the partnership would prove to be a big success. The Melewar group holds 51 per cent in the venture. The Shriram group would hold 40 per cent and the balance nine per cent would be with the Ceylinco group. The school would initially have a corpus of Rs. 1 crore. An MBA programme from the school would cost $10,000. (HBOL)

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