After playing a key role in setting up of the Indian School of Business in Hyderabad, Andhra CM Chandrababu Naidu now has his eyes set on building another world-class institution, this time in Amaravati, as per a report by Prasad Nichenametla in the Times of India.
The institution is proposed to be set up in the new capital region in an area spread out over 100 acres, at a cost of Rs 500 crore.
Leading experts from global institutions like London School of Economics, National University of Singapore and Harvard Kennedy School along with important people from the corporate world will be brought on board for the project, the report says.
The World Bank, Asian Development Bank, Bill & Melinda Gates Foundation along with various UN agencies are reported to be the other partners in the project.
Former AP Chief Secretary SP Tucker said the idea is to get the industry partners to contribute Rs 50 crore under the CSR (corporate social responsibility) initiative.
Pramath Raj Singh, founding dean of ISB and co-founder of Ashoka University has been roped in as a consultant.
To be built along the lines of ISB but on a much larger scale, the instituteâ€™s vision will include the elimination of poverty and development of society.
â€śOur CM has the experience of bringing ISB to Hyderabad. We now plan to have this institute at Amaravati on a much bigger scale. We will be meeting the CM with ideas on courses and blueprint. He will take a call on how this institute will shape up,â€ś Tucker said.
Offering specialisations in niche segments, the institute would churn out highly competent MBAs, the report adds.
â€śThe institute will be an independent, non-partisan and non-profit organisation. It shall perform functions of consulting, primary and applied research, global annual discussion and learning forums, performance evaluation and monitoring and education that provides management skills to the government work force,â€ś says the concept note with the theme -Crafting solutions for a sustainable future.
The setting up of the institute will be in line with the stateâ€™s Sunrise Vision 2029 policy to transform Andhra into â€śa happy, inclusive and globally competitive societyâ€ť.