The Human Resource Development Ministry has turned down a request from Indian Institute of Management, Bangalore (IIM-B) to open a campus in Singapore. The ministry has cited that the prestigious B-schools should first meet the domestic demand.
IIM-B had sometime back sought the consent of the ministry to open campuses abroad. The ministry replied saying that the institute should rather set up more campuses within the country, sources said.
Last month there was a meeting of Directors of IIMs here when they were asked by the Government to meet the domestic demand, the sources said.
"Though IIMs have global brand, there is a huge demand within the country and it should be met first," the sources said adding that the Government was not in favour of IIMs starting campuses outside the country and they should fulfil their commitment towards the domestic requirements.
The sources said in last month's meeting it was pointed out that the Memorandum of Association (MoA) of IIMs, as existed now, does not allow them to open branches outside the country.
Emphasising that the IIMs should first fulfil the demands of aspiring students within the country, the ministry clearly told the IIMs to come up with a proposal to amend the MoA in order to facilitate opening branches outside.
{{/usCountry}}Emphasising that the IIMs should first fulfil the demands of aspiring students within the country, the ministry clearly told the IIMs to come up with a proposal to amend the MoA in order to facilitate opening branches outside.
{{/usCountry}}However, there was no proposal received from the IIMs, they said.