NEW DELHI: GMR will set up a business school together with Canada-based Schulich School of Business.
The premises will come up in the vicinity of Hyderabad international airport in 35-acre area. The GMR Foundation, the CSR arm of the GMR, will provide land and physical infrastructure. Schulich will invest about Rs 100 crore over a few years, mainly for faculty and research, according to V Raghunath, chief executive of GMR Foundation.
The premises will be ready in early 2013 and the admissions will be made for the session beginning September 2013, subject to approval under the Foreign Educational Institutions Bill currently before the Indian Parliament.
It will initially offer two-year MBA courses and later also offer executive education programmes.
The admission to the MBA will be based on the cumulative grade point average at the graduate level and GMAT. Candidates with five to seven years work experience will be given preference. “Admission process will be common.
The students can opt for either the Toronto campus or the Indian campus,” said Schulich dean Dezso J Horvath. The Indian campus will offer about half dozen specialiastions that are India-centric. The fee will be about $ 30,000 (Rs 13,50,000) per year, the same as the fee at the Toronto campus, he said.