Foundation stone laid for IICA

The Indian Institute For Corporate Affairs (IICA) is likely to be commissioned by 2010.

The foundation stone for the Institute was laid by Prem Chand Gupta, minister for corporate affairs Manesar, Haryana, on Delhi outskirts.

The Institute set up by ministry of corporate affairs, is proposed to become a holistic think tank, capacity building, service delivery Institute to help corporate growth, reforms and regulation through synergised knowledge management, global partnerships and real time solutions.

The building costing around Rs 10 crore for the Institute is expected to be ready by the end of 2010. An outlay of Rs 211 crore has been made in the current Five Year Plan for the Institute.

The Institute has already been registered as a Society in September, 2008. A Board of Governors has also been constituted by co-opting representatives from government, professionals and business sector as well. The Institute has also signed memoranda of understanding with leading international institutes in its endeavor of global partnerships.