New Delhi, Nov. 11: The Indian Institute of Management, Indore, has become the first IIM to offer its full-fledged postgraduate course abroad.
The institute will launch its regular two-year course in the UAE next week. Last month, it started a postgraduate programme in management for executives.
IIM Indore has collaborated with Global Education Mission, a local education provider in Dubai, for offering both courses.
The institute will design the courses, select students, conduct classes and examinations, and give certificates. The education provider will offer logistic support.
IIM Indore conducted its own entrance test to select 20 students for the course for executives. The fee has been fixed at Rs 10 lakh.
Another 20 students have been given admission for the regular two-year postgraduate programme. These students have been selected from the merit lists of CAT, GMAT or the IIM Indore’s own entrance exam. The fee for this course is Rs 11 lakh.
The IIMs at Ahmedabad, Bangalore and Calcutta have been offering short-term customised management training courses for working professionals in various foreign locations. However, IIM Indore’s Dubai venture will for the first time offer the full-fledged two-year course.
“We are taking our PG course to Dubai from this month. We have also started one PGPMX for working executives in Dubai from last month. We found that there is a good demand and market for our programmes in the UAE,” IIM Indore director N. Ravichandran told The Telegraph.
The IIMs earlier faced difficulties in going abroad because the memorandum of association — the document that governs their activities —barred the institutes from setting up campuses outside India. The government recently amended the memorandum of a number of IIMs, including Indore, allowing them to set up foreign campuses.
“At present, there is no plan to set up a full-fledged campus abroad. But certainly, we are looking to offer our courses in collaborations with local institutions at various foreign locations. Our next plan is to explore such options in Singapore,” Ravichandran said.
