There are going to be more Indians on the sprawling campus of Stanford University Graduate School of Business in the United States. Reliance Industries and Stanford Business School have tied up for five full scholarships for Indian students.
“This is the first time any country will be providing complete scholarship, including boarding, tuition and travel for students. We are hoping it will set a benchmark for other countries,” said Robert Joss, Dean, Stanford Business School. He was in town to announce the Reliance Dhirubhai Fellowship programme.
The scholarship programme will fund a two-year Stanford MBA programme that costs about Rs 3,40,000 annually. Currently, about two per cent of the 370 students are Indian.
“India is a rapidly growing economy so good management talent developed at both India’s top universities and institutions abroad will be essential to support growth,” said Mukesh Ambani, Chairman Reliance Industries limited.
The fellowship will be in two parts where applicants will be finalised at the India level on basis of merit and commitment to India. Finalists will then go through the standard Stanford procedure after that. The fellowship also states that the student who wins it has to return to work in India for at least two years.