York University’s Schulich School of Business is deepening its ties to India, signing a deal to build its own campus in Hyderabad, wrote The Toronto Star on Thursday, June 9, 2011.
The internationally-ranked MBA school will team up with GMR Group, a massive infrastructure development firm that specializes in airports, energy, and highways, to build the new facility.
“Indian firms are becoming very successful in the global marketing place and increasingly need graduates who understand the global environment,” Schulich’s dean, Dezso Horvath, said in an interview.
“Hyderabad is really emerging as a modern hub of India. This will be a seamless opportunity for faculty and students to move back and forth from Canada to India.”
Schulich already offers a joint master of business administration degree program with S.P. Jain Institute of Management Research in Mumbai.
Under current legislation, foreign schools are required to partner with an Indian sponsor. A foreign education institution bill, now before India’s parliament, would lift that restriction.
“We are confident it will happen before the end of this calendar year,” Horvath said.
That means the new program in Hyderabad, expected to launch in September, 2013, would be delivered entirely under the Schulich banner. The two-year program would initially be offered to 120 students.
“It’s a great highlight of this school’s development,” Horvath said. “It’s a benchmark for our future.”
Schulich and GMR officials will sign the agreement following a reception at the Four Seasons hotel in Toronto on Thursday.
“Schulich has had a firm footing in India for some time now. They have proved their interest in India before anyone else,” V. Raghunathan, speaking for the GMR Group, said in an interview.
“They have the reputation, the right mind set, and they are truly international in character.”
Schulich’s first graduates from Mumbai will receive their degrees Friday. Industrialist G.M. Rao, founder and chair of GMR Group, will also receive an honorary degree during the ceremony.
Rao is among the richest people in the world. Forbes magazine has estimated his wealth at more than $2.5 billion (U.S.).