Spain is impressed with India. The economic reforms, the proliferation of information technology and business process outsourcing, the mushrooming of young tycoons - are all textbook material for the country's business schools. Literally.
Hardly surprising, then, that Spain is seeking to imbibe Indian business management skills. It wants to exploit the experience of India's corporate growth to give its own economy a much-needed boost.
As Santiago Iniguez de Onzono, the dean of Instituto de Empresa, a business school, says, Spain's economy too is dependent on the services sector. And the institute is looking for tie ups with top business schools from India.
"We are in advanced stage of discussions with a few big business schools in India and should announce the tie up soon,¨ de Onzono says, adding, ¨We are also planning to hire the professors from India, ideally to meet the demands of Europe to teach the specialised areas and to tailor certain courses.¨
The Instituto de Empresa is the top Business School in Spain and, according to a recent study, ranked fifth in EU.
It churns out about 1,600 business graduates every year.
De Onzono reckons India would be called to play a leading role in Asia, as the entrepreneurial talent there has a good blend of Western and Eastern cultures and thinking.
He feels that ¨India is also a bridge between Europe and Asia, while Spain plays a similar role between Europe and Latin America. We are exploring opportunities for trade research programmes with Indian entrepreneurs. The idea is to secure the technical experience form Indian entrepreneurs."
Interestingly, his institution has attracted more students this year from India than the last few years --- over 20 students as against 2-3 in 2004-5.
¨This is a good since we have been able to convince many of our Indian students to become professors in our institute or to outsource material for us; ¨ says Felix Valdivieso, director of communications at Instituto de Empresa.