The Institute of Chartered Financial Analysts of India (ICFAI) has decided to open private universities across the country in the next two years.
While the government of Rajasthan has already permitted to set up a private university, the Hyderbad-based institute is also in talks with the state governments of Himachal Pradesh, Bihar, Orissa, West Bengal, Haryana and Maharashtra for provision of land. It will invest approximately Rs 50 crore in setting up each campus.
This novel idea will help us bring together the intellectual assets that we have created at the existing ICFAI centres. It will facilitate us to develop common policies and ideas, and also allow us to share experiences to further our teaching cause, said Y K Bhushan, senior advisor to ICFAI Business School, Mumbai. The ICFAI has 18 B-schools across the country.
The subjects on offer at these universities will range from management, technology (biotechnology, electronics etc), law, education and doctoral programmes according to the need and demand of the respective states. Besides, these universities will house various research units.
The institute is also planning to introduce a PGPEX (post-graduate programme for executives) at its Hyderabad campus this year.
Further, it is all set to step up its research and publication unit at various centres. The prime focus of these centres will be on developing case studies and publishing the same.
Moreover, the ICFAI plans to start its Institute for Management Teachers (IIMT) programme in Mumbai and Delhi.
IIMT is a three-year, full-time management teaching programme for students interested in management teaching, research and consultancy for doctorates in management.