Sunday, March 07, 2010

Government may allow IITs to go global

The premier Indian Institutes of Management (IIMs) have got it and another premier chain of institutions - the Indian Institutes of Technology (IITs) may get it. The IIMs received the clearance to set shop overseas and sources say that IITs may follow their lead if the Ministry of Human Resource Development (MHRD) has its way. The MHRD wants to take the IIT to a global level and establish themselves as a global brand. So far they have along with the IIT senior officials drafted a proposal and will be looking at submitting it to the cabinet as soon as it is completed. They are in advanced stages of finishing the proposal and will submit it to the cabinet.

So far the plan is that they will target about five prime countries and establish themselves in those countries initially. The initial plan may be to establish joint ventures identifying prime institutions and then look at going independent completely. IIMs have also got a clearance earlier to establish themselves in foreign countries back in October 2009 and that very proposal had taken about two years to get completed. So it will take some time till finally the cabinet approves the HRD ministry's proposal.


Source: www.moneycontrol.com

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