ISB to come up in Punjab

The Punjab Government today signed an agreement with leading corporates for setting up an Indian School of Business (ISB) in Mohali.     

The agreement was signed by Anjali Bhawra, Secretary Higher Education on behalf of the Punjab Government and Rajat Gupta on behalf of ISB along with four founder supporters Analjit Singh of Max India Ltd, Rakesh Bharti Mittal of Bharti Enterprises, Sunil Munjal of Hero Corporate Services Ltd and Atul Punj of Punj Lloyd Ltd.     

The prestigious institute would be established under a unique model of Public-Private Partnership (PPP) whereby the state government would be leasing out 70 acres of land at Knowledge City Mohali for a period of 99 years at a rate of Re 1 per acre annually to ISB, a spokesperson of the Punjab Government said.     

Besides the management institute, the Mohali campus of ISB will also have four specialised institutes namely Centres of Excellence for promoting research.     

The first academic session at the ISB Campus in Mohali is expected to commence in 2012. The campus proposes to have 280 seats in its post graduate management programme and 750 seats in its executive education programme.     

Speaking on the occasion, Punjab Chief Minister Parkash Singh Badal said that ISB would be the harbinger of growth of quality higher education in the state.     

The ISB will offer the same one-year Post-Graduate Programme (PGP) in management at Mohali with additional specialisations in Healthcare Management, Manufacturing Sciences, Public Policy and Physical Infrastructure Management among others.