Chidambaram, Punjab CM inaugurate ISB Mohali campus

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MBAUniverse.com News Desk |
December 3, 2012
Union finance minister Mr P Chidambaram and Punjab chief minister Prakash Singh Badal inaugurated ISB's new campus in Mohali on December 2
My deepest regret is that many of our universities are teaching shops with poor infrastructure, outdated text books, poor pedagogy and methodology, and untrained teachers
Union finance minister Mr P Chidambaram and Punjab chief minister Prakash Singh Badal inaugurated ISB’s new campus in Mohali on December 2. The event was attended by ISB chairman Adi Godrej and founding board members of the Mohali campus, Analjit Singh, Rakesh Bharti Mittal, Sunil Kant Munjal and Atul Punj.

In his speech, Chidambaram said, “I firmly believe that talent is evenly distributed throughout the society. What is missing is opportunity. My deepest regret is that many of our universities are teaching shops, with poor infrastructure, outdated textbooks, poor pedagogy and methodology, and untrained teachers. What we need is world-class institutions. ISB is one of a handful of such institutions in India.”

The finance minister said, “I would love to have the chance to audit a lecture at ISB. And if you invite me to teach, I can teach you how to make mistakes. I am sure that in future you will return to your campus. I have returned to my own business school on a couple of occasions, and I believe that you can take yourself out of business school, but your business school will stay with you.”

In his speech, Punjab chief minister Prakash Singh Badal said, “ISB has been one of the most successful models of public and private partnerships in Punjab. I hope ISB would be the new trend setter and continues to invest in its human resource to become a school on par with the best of global business schools.”

Talking about the philosophy of the institute, Savita Mahajan, deputy dean and chief executive,  ISB campus at Mohali, said, “We are committed to ensure that both our campuses are well integrated and students  have the  same ISB experience across both the campuses through a world class curriculum and  faculty, inter-campus and international exchange programmes, and other co-curricular initiatives. We also follow an integrated admissions and placements process for our students.”

Speaking in the occasion, Ajit Rangnekar, dean of ISB, said: “The inauguration of the Mohali campus is an important milestone in the ISB’s 11-year successful history of setting benchmarks in the field of management education. As we embark on our next phase of growth, we aim to strengthen our academic outreach, focus more on research and work closely with the government and industry to make a larger impact on industry, policy and the society we live in.”

The Mohali campus became operational earlier this year with the commencement of the ISB’s flagship one-year post graduate programme (PGP) in management in April. The present class comprises a total of 767 students, with 197 students studying at Mohali and 570 at the Hyderabad campus.

Adi Godrej said, “Our expansion into Mohali, allowing for a greater geographic outreach apart, has given us an opportunity to foray into important new areas – manufacturing, healthcare, infrastructure and public Policy – through the specific institutes set up for the purpose. This, we believe will provide a significant fillip to nurturing talent and research in areas critical to India’s development.”

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