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Indian School of Business to help Andhra Pradesh with post-Covid recovery

AP Economic Development Board CEO, J.V.N. Subramanyam and ISB Dean Prof Rajendra Srivastava exchanged the MoU

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Indian School of Business | Andhra Pradesh

IANS  |  Vijayawada 

Indian School of Business
Indian School of Business

The (ISB) will work with various economic departments of for economic recovery and growth monitoring especially post COVID-19 with a focus on economic development and job creation in the state.

A Memorandum of Understanding (MoU) in this regard was signed between the government of through the AP Economic Development Board and the leading business school on Wednesday.

The areas of collaboration also include high frequency high resolution indicators for monitoring economic recovery in Andhra Pradesh, project on Visakhapatnam as an engine of growth, focus on food processing sector in Rayalaseema, improving e-governance and data analytics, unshackling informal sector growth and reshaping skilling programmes.

The AP Economic Development Board said the MoU will nurture a think tank by setting up 'GoAP-ISB Policy Lab', a public policy laboratory to drive evidence-based policy decisions. It aims to create a knowledge bank for strategic planning, policy analysis, data analytics and action-research essential for sustaining high rates of growth and successful completion within the committed timelines with focus on investment flows, their efficacy in terms of value addition, employment generation and wealth creation.

The lab, modelled on the lines of Policy Lab in the UK Cabinet, would enable greater synergistic functioning of departments and work towards the objective of economic monitoring, recovery, and development, it said.

AP Economic Development Board CEO, J.V.N. Subramanyam and ISB Dean Prof Rajendra Srivastava exchanged the MoU in the presence of state Industries Minister Mekapati Goutham Reddy at a virtual event.

"We are working with ISB for the past few months on identifying various areas of collaboration. Today we are onboarding ISB as our knowledge partner to work on various initiatives in skill development, e-governance, turning Visakhapatnam into a growth engine, improving value addition in food processing etc," the minister said.

--IANS

ms/kr

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, August 05 2020. 13:59 IST
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