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IIM issue: Mukesh Ambani backs HRD's stance

Mukesh Ambani said IIMs should first fulfil the aspirations of the Indian youth before opening campuses abroad.

india Updated: Jan 17, 2006 20:44 IST

Endorsing the Union Human Resource Development Minister's views on the matter, Reliance Industries Limited Chairman and Managing Director Mukesh Ambani on Tuesday said IIMs should first fulfil the aspirations of the Indian youth before looking to open campuses abroad.

"The challenge before India really is to increase its own capacity for management education. First, we should give chance to our youths and after fulfilling the aspirations of our young people, we have to integrate with the world," he told reporters in Indore after dedicating the new IIM campus to the nation.

Ambani was responding to a query on whether IIMs should be allowed to open campuses abroad in the light of the reported denial of permission to IIM Bangalore to set up a centre in Singapore.

"It is not either this or that, but the more important priority really is to build capacity in our own country," the RIL Chairman said.

To a question on future of Indore, Ambani said that not only Indore but entire India's progress in the next 10 years would be more than what it has been in the last 50 years.

He said his company would look at hiring people from IIM's newest campus.

First Published: Jan 17, 2006 20:44 IST