Hyderabad, July 11: Bangalore based GMR Group and the Schulich School of Business of York University, Toronto, Canada, signed an agreement to establish GMR campus of Schulich School of Business in Hyderabad near Rajiv Gandhi International Airport, Shamshabad.
The new business school, supported by GMR Group’s CSR arm GMR Varalakshmi Foundation will initially offer its 2-year MBA programme to 120 students at the Hyderabad campus, apart from various executive education programmes for working executives.
Under the agreement, Schulich will develop the learning environment and academic infrastructure while GMR will provide the land and the physical infrastructure. Subject to approval under the Foreign Educational Institutions Bill currently before the Indian Parliament, admissions will commence in January 2013.
The ground breaking ceremony of the school will be held on Tuesday 12th July, 2011. Shri Kapil Sibal, Minister for HRD, Communications and IT, Govt of India will be the chief guest, and Shri. N. Kiran Kumar Reddy, Hon’ble Chief Minister, Govt of Andhra Pradesh will preside over the event. Other leading personalities will also grace the occasion.
Schulich’s GMR Campus will be the first full-fledged campus of a major, top-ranked international business school in India.
The Economist ranked Schulich School of Business the 10th best business school in the world for their MBA programme, last year. The internationally renowned Aspen Institute has ranked them No. 1 in their ‘Beyond Grey Pinstripes’ rankings for preparing future leaders for the environmental, social and ethical complexities of modern-day business.
“The GMR Campus of the Schulich School of Business will be a mirror image of Schulich’s Toronto campus, with first-rate facilities, international faculty, and an internationally-focused curriculum,” said Schulich Dean Dr. Dezsö J. Horváth. “We will attract the best and the brightest students from India and abroad and prepare them for very bright careers in India and elsewhere in the world.”
“This new campus in India will significantly reduce the cost of international business education for the student community, who will benefit from the lower cost of living in India” said Dr. V. Raghunathan, Chief Executive Officer, GMR Varalakshmi Foundation.