At a time when science colleges are mushrooming in the city, a group of professionals has offered to establish an institution to impart education in commerce and train students in chartered accountancy and company secretaryship.

Addressing presspersons here on Thursday, managing director of Sri Chanakya Educational Trust Rama Mohan Rao M., chairman Parvata Reddy, and directors Somalingappa G. Solargoppa and Basavaraj S. Koparde, said the Chanakya Institute of Commerce aims to sensitise students in north Karnataka on the opportunities available in the stream and train them.

Compared to other parts of the country, people in north Karnataka were relatively unaware of the opportunities in commerce and chartered accountancy. For many, commerce education was restricted to a B.Com degree, he said.

According to a survey, India requires around 6.5 lakh chartered accountants, although only 1.1 lakh are available at present. Despite the huge demand, this lack of awareness prevents students from pursuing further training in the field, he said.

Mr. Rao said that the Chanakya Institute of Commerce would offer PU courses in commerce and also train students for the Common Proficiency Test (CPT) and Company Secretary Foundation course. By the time the students completed their PU course, they would acquire the required knowledge for the tests. Apart from pre-university education, the institute would offer training for CA and CS courses for degree students.

Mr. Rao added that from the coming academic year, the college would have an intake of 150 students. The college would be formally inaugurated on March 30.

  • ‘People in north Karnataka relatively

    unaware of opportunities in commerce’

  • India needs around 6.5 lakh chartered

    accountants, says managing director