NRIs from Kerala have decided to set up a world-class business school in the state's commercial capital Kochi.The International Business School (IBS-Kochi) will be established in partnership with the Management Centre Innsbruck based in Innsbruck, Austria.The institute would offer an 18-month MBA programme, especially designed to produce graduates who are commercially astute, socially responsible and international in outlook, Mohan Thomas, chairman, Birla Public School who along with Professor Jay Kandampully is promoting the joint venture, said."IBS-Kochi will nurture management education and research in India by providing students with an opportunity to undertake innovative business education and research equivalent to international business schools," Thomas said.