IIMs will surely touch foreign shores: Apte
IIM Bangalore Director Prakash Apte has said that although the Union HRD Ministry may have thrown a spanner into its overseas expansion plans the proposal to set up shop abroad was far from buried.india Updated: Feb 20, 2006 14:29 IST
IIM Bangalore Director Prakash Apte has said that although the Union HRD Ministry may have thrown a spanner into its overseas expansion plans the proposal to set up shop abroad was far from buried.
In a brief but candid chat with Hindustan Times he also detailed the need to evolve management strategies to dovetail with the challenges of globalisation and expressed his views on IIM Indore.
Is the proposal to set up an IIM facility at Singapore still on?
The move has gotten caught in a legal tangle and will take at least three or four months to resolve.
The Memorandum of Association we have with the Union HRD Ministry does not allow us to operate a branch abroad.
So, first we have to amend the MoA and then have it ratified by the board of directors, a process that may take three to four months. Until that happens, we may offer short-term courses, as government has already approved that. However, no physical infrastructure will be provided in Singapore even if the proposal comers through.
But the government says you should fulfil demand here before deciding to move abroad. We are doing precisely that. Student intake has been increased from 240 to 260 this year and will be raised to 300 next year.
What about the fee hike issue?
That has been settled. However, a revision may occur at a later date.
The IIMs demand to be allowed to hire faculty at higher rates. Does the present pay structure adversely impact functioning?
We have not made a serious attempt at autonomy so far, so the salaries are still disbursed as per the Pay Commission rules. Although the allowances are decided by the board.
However, the present salary structure does make it very difficult for us to attract and retain faculty, as Dr Parashar (pointing at the Director, IIM Indore) here will agree. The best we can do is, ask them to supplement their salaries through teaching-related activities.
How would you rate IIM Indore? It is a relatively new institution. Give it three or four years and I’m sure it will be able to compete with any other IIM.