With a view to giving a global stature to the country’s prestigious B-schools, Indian Institutes of Management (IIMs) plan to throw open their gates for foreign students.
The directors of various IIMs have already discussed the matter informally and the matter could be taken up at the higher level for a final decision, sources in the IIM-Lucknow said here today.
As of now only Indian students can apply for admission to the IIMs.
“We are looking into the matter. If it is passed, it may come into effect from next session,” Director IIM-Lucknow Dr. Devi Singh said.
The plan, if takes shape, would, however, not cut into the seats of the Indian students as the number of seats could be hiked by 10 per cent to accommodate foreign students, who will have to appear in a GMAT type of exam for the seat into the premier institutes, sources said.
The IIMs are also contemplating on opening campuses outside the country and this matter would also be taken up in advanced discussions, sources said.
The plan to allow foreign students would help in providing more exposure to the students, sources added.