Hyderabad: The Xavier Labour Relations Institute (XLRI), Jamshedpur, one of the top five management institutes in India, has decided to set up its campus in Hyderabad, a note from the Andhra Pradesh Chief Minister’s office said.
This decision comes in the wake of a 3-year long persuation by the officials of Andhra Pradesh Government and a personal invitation extended by chief minister Sri K Rosaiah in August, 2010, requesting the board of this prestigious institute to make Hyderabad its second home.
Governing Board of XLRI, at its meeting held on September, 4, 2010, has discussed the letter written by the chief minister and approved the proposal to have a camps at Hyderabad as per his invitation.
A delegation comprising of Fr. E. Abraham, Director, XLRI, Jamshedpur, Mr. C.L.George, Dean (Administration & Finance), XLRI and Fr. G.A.P.Kishore, Rector, Loyola Academy, Secunderabad, today called on Chief Minister Sri K Rosaiah at Secretariat to inform him of the decision of the board of the institute about their Hyderabad plans.
Mr. Pratap Madireddy, CEO, APInvest, who has been working with the institute’s management for the past 3 years to get their nod for Hyderabad facility, has introduced the delegations of XLRI and Alexandria to the Chief Minister.
The Chief Minister has complimented Fr. Abraham, Director, and members of the Governing Board of XLRI for responding positively to his invitation while remembering the pioneering contribution being made by the institute in terms of furthering the cause of excellence and a strong value system in education besides producing able managers that are required to build businesses and industries for the country.
While thanking the Chief Minister for inviting XLRI to the State, the delegation headed by Fr. Abraham has sought 75 acres of land from the Government to develop appropriate facilities to maintain the institute’s brand value to which the the Chief Minister has readily agreed. The land is proposed to be given at Jawahar Nagar on the outskirts of the city to the institute on the same terms and conditions as applied to the land give to the campus of BITS, Pilani at Hyderabad in the past, as desired by the Chief Minister.
Along with the XLRI delegation, a group of representatives from Alexandria, a US Pension Fund House, including Mr. Vishal Goel, Managing Director/Head of India, Mr.Joseph Hakman, Senior Director, Due Diligence/Financial analysis, Mr.Jeffrey Newton, Vice-president, Real estate, and Mr. Amritanshu Roy, Associate Vice-president, Business Development & Construction Management also called on the Chief Minister to inform about their likely association with the institute.
Mr. Goel and his colleagues informed the Chief Minster that Alexandria is in principle agreed to finance the XLRI’s proposed campus at Hyderabad at a much less rate of interest compared to any commercial bank in India considering its social commitment and 60 years of its service to management education.
Assuring all possible support to make XLRI, Jamshedpur campus at Hyderabad a quick reality, the Chief Minister has entrusted the job of land allotment to the proposed campus to his Principal Secretary Mr. B. Sam Bob, IAS, directing him to ensure that the file is circulated in 15 days time.
Started in the year 1949 at Jamshedpur as an anchor institute catering to the professional and skilled manpower requirements of the steel city, the XLRI is currently stands one of the most sought after institutes for the aspiring students in management studies in the country. Every year nearly 100,000 students appear for entrance examination to get admission in to XLRI, which has just 240 seats to offer. With the proposed Hyderabad campus the institute will be able to augment the intake of students in the near future.
The State Government has been successfully trying to bring several institutes of excellence in the field of management, science etc., to create an ecosystem to make Hyderabad and the whole of the State a hub of higher learning and research.
Principal Secretary to CM, B. Sambob, IAS has also attended the meeting.