Directors to raise intake within country
IIMs must amend Memoranda of Association for overseas venturesIt's for the institutes to address faculty shortageNo interference with autonomy
NEW DELHI: A month-long stalemate between the Indian Institutes of Management and the Human Resource Development Ministry ended on Wednesday with HRD Minister Arjun Singh informing the directors that the IIMs could open campuses overseas provided amendments were made to their Memoranda of Associations (MoAs).
At the same time, he secured an assurance from the directors on increasing the intake within the country.
The breakthrough was achieved at a meeting Mr. Singh had with the six IIM directors here.
Briefing mediapersons, he said: "I informed them that the Ministry had no objection to their going to any country but they must change their MoAs." Prakash Apte, Director, IIM-Bangalore, said the Minister told the meeting that the Ministry would not come in the way of the institutes amending their MoAs.
Given that the Ministry earlier asked the IIMs to meet the demand for quality management education within the country before moving overseas, Mr. Singh clarified that it was for the six institutes to decide on the modalities of increasing the intake. The directors were given a month to let the Ministry know what they would do to increase the intake.
On faculty shortage, cited by the IIMs for their reluctance to open more campuses within the country, Mr. Singh said they would have to address the issue.
Indian branding first
As for the IIMs' proposal to work towards a joint venture of all the six institutes for global branding, he said: "We are not opposed to global branding, but we want Indian branding first."
Also, "I got an emphatic no for an answer" to a question whether at any point of time the directors felt that the Ministry or the Minister was attempting to interfere with the IIMs' autonomy.