“The international accreditation will help us gain better global access and aid us in forming alliances with international institutes,” said IIM-C chief administrative officer Dinesh Varma. “Its a time-consuming process but we want to start it now,” he added. The accreditation will also help the institute attract more foreign students and tie-up with universities abroad. “We hope to set the ball rolling soon,” added Varma.

Besides, the board also reviewed the strategic plan made last year like review of curriculum, augmentation of faculty and campus modernization. For 2008-09, IIM-C will focus on five important areas, which includes campus expansion and development programme, international accreditation leading to global reaches and increasing the faculty to meet the increase in the intake of student.

IIM-C also wants to develop its alumni outreach. The institute is going to support its faculty to go for research programmes and so forth to facilitate them to get away from routine administration work. In order to plan the fund flow and for financial planning to take care of our expansion plans, pay commission payments, etc, a two-member committee, comprising external board member Shri Roopen Roy and IIM-C faculty professor Ashish K Bhattacharya will look into all aspects. “They will submit their report in October during our next board meeting,” said Varma.

This year IIM-C has admitted 14 students in its FPR programme. This happens to be the highest in recent years. It is important that new business schools are coming up in good number and since more students would be admitted through OBC quota, IIM-C would also require extra teachers. All these would lead excessive demand of quality faculty. FPR chairman presented his plans to attract students to study in fellowship programmes. “As per the new construction which is taking place on campus, there will be 19 new classrooms in different sizes,” added Varma. With the OBC quota implementation, more teachers will be required too. “We plan to add 20 teachers to the faculty in 2008-09,” said Varma.

The head of the IIM review committee and former Maruti chairman RC Bhargava was also at IIM, Joka on Wednesday. “Theres no change in the fee structure as of now,” said Varma. “We are waiting for the IIM review committee report due in a month or two to decide on our future course of action,” said Varma.

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