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Then ISB. Now arts and science varsity - will TN miss the bus again?

Then ISB. Now arts and science varsity - will TN miss the bus again?

It was the time when a prestigious business school was planned. With a rather unique tie-up with three world famous institutions – Wharton School of Business, Kellogg School of Business and the London Business School. A high power team under the leadership of McKinsey’s Rajat Gupta (long before RG was punished for insider trading). Mukesh Ambani and Anand Mahindra among its members

                The team visited Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh… and apprised the chief ministers of the plan seeking land. The project involved huge outlay of a few hundred million dollars. The members of the delegation were provided garlands for greeting chief minister Karunanidhi. The leader offered the required acreage of land in Sriperumbudur at a 50 per cent concession of Rs 6 lakh per acre.                         The delegation moved to Hyderabad. AP Chief Minister Chandrababu Naidu accorded a grand reception, individually garlanded the members, showed them around a sprawling land area at Donthanapally, Hyderabad and offered this without conditions. The delegation announced the selection of AP for the Indian Business School by the evening. ISB evolved in quick time as a premier institute for management education. Its one-year MBA programme was an instant success and today it offers several programmes round the year and attracts huge custom.


Tamil Nadu is in the cusp of missing out another such opportunity.

Led by R Seshasayee (Ashok Leyland and Infosys) several well-known leaders have been working on a prestigious university with focus on science and arts. Well-known economist and former RBI Governor Dr Raghuram Rajan would lend his weight to the new university; A Visiting Professor, Madras School of Economics and Professor of International Economics, Middlebury College, USA, Dr Sunder Ramaswamy, has been appointed vice chancellor.

                It is gathered the rules of Tamil Nadu do not provide for setting up such a private university with international collaboration. AP provides for this. Sri City, across the northern border of Tamil Nadu, which has already attracted IFMR, Great Lakes Institute of Management, Frontier Lifeline Hospitals… appears poised to win this prestigious institution.  The recent involvement of educationists of international repute like Dr M Anandakrishnan and the dynamic team of Education Minister K A Sengottaiyan and Education Secretary Udayakumar, I hope, would proactively meet with the promoters, all brilliant Tamils, to win this prestigious university for the state.


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