100% GROWTH FORESEEN IN MANAGEMENT COLLEGES BY 2012

Thesynergyonline Economic Bureau

NEW DELHI, MAY 18 :
RAPIDLY declining percentage of GDP spend on higher education is encouraging India Inc. to open up professional institutions in such abundance that number of private management college alone is anticipated to rise by 100 percent in next 2 years, predicts a report of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

According to it, number of privately managed colleges are expected to go up at 600 from 300 at present level by 2012 for which resources will not be a constraint since GDP spend on higher education has come down from 0.77 way back in 1991 to 0.7 percent as of now. The share of expenditure spent on higher education as a percent of total education expenditure has remained stagnant at approximately 19 percent over the past 2 years, it further highlights.

The report `Envisaging Future of Indian Higher Education' and to be released by Human Resource Development Minister, Mr. Kapil Sibal on Friday, however, also reveals that number of engineering and medical colleges are likely to clock an anticipated growth of 67% and 47% by 2012 respectively as demand for engineering and medical stream is also rising disproportionately.

It predicts that number of engineering colleges in private and joint venture sector are likely to be about 2000 and number of medical colleges reach a level of 200 in next 2 years, said ASSOCHAM President, Dr. Swati Piramal.

The report, however, admits that number of engineering colleges currently run close to 1200 in across India and strength in terms of number of medical colleges is confined to 150.
It states that factors responsible for growth and demand for private education will be pushed up due to twin reasons of demand pull and supply push factors which include inability of public university system to meet demand of rapidly growing population and declining trend of public expenditure on higher education.

Secondly, conventional courses currently widely taught in traditional institutions will not gear students towards creating employability for which alternatives would be available in private sector, colleges and institutions. The demand will also rise for professional courses because of increasing purchasing power for high cost private education since their has been a 20-20% rise in income of people belonging to middle class.

The report also indicates that population growth has slowed down from 2.1% to 1.7%, indicating better accessibility to quality education and labour force from India is entering the global arena. All these factors also indicate the growing opportunities in this sector, the demand being price inelastic.
India education space could be one of the largest market in Asia with a population of over 1.13 billion since government is also planning to spend around 5% of GDP in next 5 years on education. The market could be anywhere worth $ 50-55 billion, it points out.

According to the Chamber report, private sector has leading presence in few select discipline such as engineering, medical and management. The market size of private engineering and medical colleges is together estimated around US$ 1360 million, each claiming a size of US$ 680 million. The size of medical colleges is estimated at US$ 350 million.

The share of private unaided higher education institutes has increased during 10th plan and is expected to grow further through 11th plan also. The extend of private sector involvement in higher education colleges vary across major states with approximately 63% colleges in Andhra Pradesh being private unaided. (editor@thesynergyonline.com)

TALENT MANAGEMENT : A WAY TO BUSINESS EXCELLENCE

Thesynergyonline Economic Bureau

NEW DELHI, DEC 16 :
MANAGEMENT Consultants Top Rankers, in association with Institute of Technology & Science (ITS), Ghaziabad, recently organised here its 10th National workshop titled "Talent Management: A Way to Business Excellence".

The programme was inaugurated by S.K. Chatturvedi, CMD, Power grid Corporation Ltd.,who presented the ITS Top Rankers excellence award to Rajan Dutta, President Corporate HR, Reliance Communication for his contribution in the ield of HR, to Mayak Pareek, Executive Officer Marketing, C.S.Verma, Director Finance, BHEL for his contribution in the field of Finance.

The Top Rankers Achiever Excellence Award was given to Satnam Singh, CMD Power Finance Corporation and Top Rankers entrepreneurship excellence Award was given to R.C. Srivastava, Director HR, NTPC. Every Year, top industry professionals are awarded for their outstanding contribution in HR, Marketing and Finance.

Mr Satnam Singh in his key note address, emphasised "the managerial community is faced with a number of challenges. It has on one hand, to ensure survival of the organisation and facilitate their growth. If the organisations are competitive, they have to excel in managing their talent ensuring right locating, grooming nurturing and developing their potentials and retaining them for achieving business excellence."

V.N. Rai, ex-CMD Kirbhco, delivered the valedictory address. Amongst the prominent speakers were P.V. Bhide, President Corporate HR, JK organisation, G Ojha, Director Personnel, SAIL, S.Y Siddiqui,Managing Exe. Officer Admin (HR, FIN & IT), Maruti Suzuki India Ltd, S.K. Jain, Exe. VP HR, Jindal stainless Ltd, S D Saxena, Director Finance, BSNL, D K Bakshi, VP Global HR, Indorama Polymers Pvt Ltd, Lalit Kumar, President Retail, Vishal Mega Mart, P.K. Gupta, group President, Kohinoor Foods Ltd, Krishnan Gupta, Global CEO, Organic India, Rajesh Shrivastva, CMD, Rabo Equity Advisors. ( editor@thesynergyonline.com)

IIST , AIMA TO IMPLEMENT CAMPUS DIMENSIONS

Thesynergyonline Economic Bureau

MUMBAI, NOV 18 :
INDIAN Institute of Space Science and Technology (IIST) and All India Management Association (AIMA) have chosen Campus Dimensions to automate their Trivandrum and New Delhi campuses respectively. Campus Dimensions is the campus management system from Dimensions Innovation Labs.

IIST provides a full fledged infrastructure of Intenational standards to develop an excellent academic and research atmosphere. The institute offers post graduate and doctoral programs to meet the requirements of Indian Space Research Organizaion (ISRO).

AIMA is the apex body of professional management in India with linkages with over 3000 institutions and over 30000 individual professionals. Its activities include distance management education, management development programs, national events, research and publication.

Commenting on the occasion Sagar Hawaldar, Dimensions' Chief Marketing Officer, said "Having prestigious clients such as IIST & AIMA is a testimony to Dimensions' reputation as one of the most trusted brands in the education technology solutions space".

Dimensions Innovation Labs is the leader in education technology solutions market and has a suite of products for the education segment such as campus management system, virtual classroom, online assessment, learning management tools, English Language Lab and Smart Cards.

Some of the other reputed Indian clients include IIM, Tata Institute of Social Scienses and a number of leading Universities such as Panjab University, Indore University, Dibrugarh University, Assam Agriculture University, colleges such as Osmania Engg college and schools. ( editor@thesynergyonline.com)

IIM LUCKNOW CONFERS DIPLOMAS ON 282 STUDENTS

Thesynergyonline Management Bureau

Two hundred sixtyfour students in the 21st batch of Post Graduate Programme and 14 students in the second batch of IIML’s innovative Post Graduate Programme in Agri-business Management were awarded their diplomas at the convocation. Besides, 3 students in the Fellow Programme, the doctoral level programme at the institute, received their title at the event.

This year, IIML hosted many students from the partner institutions in France, Denmark, Spain, Belgium, and Sweden. For the first time, one student from the partner institute was conferred a PGP Diploma under the International Exchange Program at the convocation.

‘We are proud of our students and their performance. The IIML pedagogy places emphasis on the holistic development of its students, so that the students who move out of the haloed portals of IIML are not just excellent professionals but also very nice human beings. We also emphasize on ‘global citizenry’ of our students and all our students will be as much at home in India as anywhere across the world”, says Dr Devi Singh, Director, IIML.

IIML completed with its placement procedure 0n 8th March 2007. The institute successfully placed all its 278 graduating students this year. There were 554 offers made to 278 students (against 491 last year), including 28 international offers (against 24 last year).

This year also saw the second Agribusiness Management batch passing out with flying colours. Various organizations participating in the ABM placement process were ITC, Reliance Industries, Cadbury, ICICI Prudential, Godrej Agrovet, ICICI Bank, Standard Chartered Bank and Murugappa Group among others.

The torch-bearer of the Indian organized retail industry Mr. Kishore Biyani, Group CEO, Future Group & Managing Director, Pantaloon Retail (India) Ltd., congratulated the students and wished them all the best. Mr. Biyani also shed light on how the Indian retail sector has come of age. He said that it is the leaders rather than the laggards who would reap the benefits of growth in the economy and constant innovation is the key to success.

Another feather in IIML’s cap was the inauguration of its second campus at NOIDA. Despite being one of the youngest IIMs, IIML became the first one to set up a second campus. IIML has plans to begin new programmes at the NOIDA campus, for working executives, entrepreneurs and professionals who have a desire to enhance their knowledge and skills in a formal setting while continuing to be engaged in their ongoing professions/businesses.

A National Faculty Development Centre and Centre for Entrepreneurial Venture will also be set up at NOIDA. The Institute’s three-year Post Graduate Programme in Management for the Working Managers successfully entered in its second year with an intake of 64 in June 2007, at the NOIDA campus.

This year also witnessed a very important landmark, when IIML tied up with San Diego State University (SDSU) for SASU’s first ever “Global Entrepreneurship MBA” which takes participants across the globe to study in the best business schools. As part of this programme, the participants will spend 6 weeks at the NOIDA campus.

IIML also conducted 72 Management Development Programmes for 1550 top and senior level management executives this year. The programmes have generated a revenue of Rs. 6.15 crores (against the last year’s Rs. 5.31 Crores). Corporate Houses from neighboring countries like Sri Lanka, Oman, Bangladesh, China, Singapore etc. are showing interest and are exploring the possibilities of conducting programmes through IIML.( npsinha@thesynergyonline.com)