The Rajiv Gandhi Indian Institute of Management or the Indian Institute of Management (IIM Shillong) is launching the first Sino-Indian MBA program with global Focus. The reputed management institute has announced a one year executive MBA course in international business beginning April 2012 with special focus on Chinese business practices.
The course being launched in association with Ocean University of China will deal with best business practices and issues affecting India and China and other emerging economies like Brazil, Russia and South Africa. It will focus on imparting leadership skills essential for senior management positions. The core courses adapted from best-practices from both India and China has been designed by key faculty members from both the business schools.
The course will focus on India’s explore how worlds’ second largest economy and the largest trading partner of the US and European Union does business. China is also one of the largest trading partners of India. Both countries traded more than $70 billion in the year 2011. The bilateral trade between the two fastest growing economies of the world is expected to cross $100 billion by 2015.
China is already India’s third largest trading partner after the UAE and the US. The Sino-Indian trade has been growing at a furious pace over last five years. China became India’s largest trading partner in 2008, with $51.8 billion in bilateral trade. In 2009 it dipped to $43 billion due to recession. However, the bilateral trade jumped a phenomenal 43% in volume in calender year 2010.
Ashoke K. Dutta, director of IIM-Shillong claiming that the course will prove to be a game changer in the near future Datta was quoted by Economic Times saying, “Unless you understand China and doing business with China, your economy will be affected. Using China as a model will be a great education for our management products and they can implement a lot of learning from the Chinese experience and make it applicable in our country.” Datta said IIM-Shillong’s focus on eastern countries a part of the Centre’s ‘Look East Policy’.
IIM-Shillong has also launched an advanced management programme on China for senior management executives and bureaucrats. The premier management institute conducted the first part of the programme – titled ‘Sino-Indian Global Reciprocal Advanced Management Programme – on “Understanding China: Business and Culture” from January 9 to January 15.
The students will study the Chinese management system for six months at the Ocean University campus in Qingdao. Ocean will be deal subjects like “Chinese businesses and foreign invested business in China”, “Chinese culture” apart from teaching basic Chinese and Taiji (a concept of Chinese philosophy). The course will also include internship in China.
30 seats would be on offer in the first year. Candidates with work experience of at least two years will be selected through Group Discussion and interview. IIM-Shillong expects the course would attract foreign students too. The selection process, IIM-Shillong website claims, is designed to ensure significant diversity in academic, business and cultural backgrounds.
The fee is likely to be around Rs.12 lakh. The degree will be jointly offered from India (IIM Shillong) and China (Ouc. Qingdao) and First Discipline INC USA will make PGPEx globally renowned.
The course will also benefit students from Sikkim-northeast.