XLRI to start classes in S'pore from June
XLRI will be the third Indian business school after the IIM-B and the SP Jain Centre of Management to open shop in Singapore.india Updated: Mar 08, 2006 01:56 IST
The Xavier Labour Relations Institute (XLRI), Jamshedpur, will set up a campus in Singapore that will start operating from June this year.
XLRI will be the third Indian business school after the Indian Institute of Management, Bangalore (IIM-B) and the SP Jain Centre of Management to open shop in Singapore.
According to a report in the Today newspaper of Singapore, classes at the new school will begin with an initial batch of 60 students, of whom 30 have already been identified.
Fees have been set at $28,000 for a full-time two-year postgraduate course in business management, which, according to the report, are believed to be the most competitive among similar business schools in Singapore.
"We are able to charge such low fees because they are based purely on costs - on how much is needed to run the programme. We are a not-for-profit institution," the report quoted Father N Casimir Raj, director of XLRI, Jamshedpur, as saying.
Unlike the six IIMs in India that are funded by the Government, XLRI is run by a Jesuit organisation whose charter allows the setting up of branches anywhere in the world.
Students in the Singapore campus will be taught by XLRI's faculty who will fly in from India regularly, Father Raj said. The campus will be housed at a property of Singapore's Housing and Development Board (HDB) at Bukit Merah.
Singapore will also be the regional headquarters of XLRI, Father Raj told the paper. Apart from Singapore, XLRI has another overseas campus in Dubai, which was opened in 2005.
The IIM-B had run into trouble with the Government late last year after the former announced plans to set up a campus in Singapore. Human Resource Development Minister Arjun Singh had opposed IIM-B's move saying the IIMs should first fulfil domestic demand for management education before setting up overseas branches.
However, at a meeting with the directors of the IIMs February 1, Singh gave his approval for these prestigious business schools to offer management courses abroad after amending their memoranda of associations.