IIM-B sets in motion foray abroadOur Bureau / Bangalore January 21, 2006The board of directors of IIM, Bangalore today approved a proposal to amend the institute's Memorandum of Association to enable it to establish presence in Singapore. The decision to seek the amendment was taken after the Union human resources development ministry recently disallowed the business school from going ahead with its overseas expansion plan. Taking a strong line on the issue, Human Resources Development Minister Arjun Singh said on Wednesday there would be no more IIMs or IITs in the country due to lack of funds with his ministry.The ministry has to approve the amendment to the institute
