Indian School of Business to open campus in Mohali

The Indian School of Business, ranked as one of the top 20 global business schools by the Financial Times Annual MBA 2008, plans to open a campus at Mohali in Punjab, ISB Dean M Rammohan Rao said.

“We hope to sign an agreement with the Punjab government shortly and the campus will come up in 2011-12,”Rao told PTI.

The Hyderabad-based ISB also plans to increase its total number of seats from 440 this year to 560 next year, he said at a function organised here to celebrate the business school’s achievement of becoming the first Indian business school to be ranked as one of the top 20 global business schools.

 

India’s High Commissioner to the UK, Shiv Shankar Mukherjee, said, “though India produces 2.5 million graduates every year, all of them are not of high quality.” “Already the alarm is being raised within the country and Tatas (a leading Indian business group) have outsourced their software work to Mexico.”

The Knowledge Commission has identified that the country would need another 1,500 Universities to cope with the demand.

“We not only need more graduates, but we need quality graduates,” the High Commissioner emphasised.

Arun Sarin, who recently stepped down as the Chief Executive of the Vodafone, Britain's largest mobile phone company, said India needed better infrastructure to grow at 7-8 per cent over the next 20 years. He said, “Whether roads, educational institutions or other infrastructure, you need capital. India needs all these in large quantity.”

ISB Chairman Rajat Gupta said the school has the potential to climb up in the rank from the current 20. He also emphasised the need to upgrade the quality of education and said: “we need to have inclusive system of education,” (without making any direct reference to reservations).