A government-appointed review committee is unlikely to suggest any change in the fee structure in the Indian Institutes of Management (IIMs) despite demands from various quarters to lower the fees.
The committee, headed by Maruti Udyog CEO R C Bhargava, has already visited some of the IIMs and has completed its deliberations on the matter pertaining to administration and excellence of the institutes.
"We are of the view that fees should be finalised by the concerned IIM boards. What is the use of the board if we have to decide on the fee structure," Bhargava said.
The IIMs have already hiked their fees from this year. IIM-Ahmedabad had announced steepest increase of 175 per cent in the fees of its first year post-graduate programme from Rs two lakh to Rs 5.5 lakh. Similarly other IIMs have increased their fees.
"We have increased the fee from this session," IIM- Lucknow director Prof Devi Singh said.
The review committee would submit its report next month, Bhargava said.
The panel is studying the functioning of the IIMs and will recommend the changes required in view of the demands of the growing economy.
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"The basic thrust of the committee is to study and suggest the roadmap on how to create excellence and expand management education," he said.
The committee will make recommendation on how to attract funds from abroad also.
"IIMs have to raise funding from outside. In the US, the B-schools get funding from corporates. The IIMs can look for similar things here," he said.