Hyderabad launches business school
Monday, 20 December, 1999, 15:33 GMT
Hi-tech Hyderabad won the project over other cities
By Omer Farooq in Hyderabad
Some of the biggest names in Indian industry have jointly launched a business institute in the southern city of Hyderabad in collaboration with two top American business schools.
The $130m project will be managed and financed by leading Indian corporations along with the JL Kellogg and Wharton schools of business.
The Indian partners include Reliance Industries, Bajaj, Hindustan Lever, Infosys Technology, and the Indian Tobacco Company.
The campus of the Indian School of Business is to be built on a 250-acre site located in suburban Hyderabad.
The managing director of McKinsey & Co Inc, Rajat Gupta, who is the chairman of the business school, said funds for the project have been mobilised from various companies.
It is to be run as a non-profit organisation to prepare corporate leaders for the future, he said.
Mr Gupta said that $80m required for the first phase of the project had already been raised.
It will offer post-graduate courses in management, executive education programmes and doctoral programmes.
Mr Gupta said the courses would be offered to students at 20 -30% the cost of similar courses in the US.
news.bbc.co.uk |
