The Hindu Business Line : ICFAI University eyeing global accreditations

HAVING successfully acquired university status from three State Governments to become the first multi-State varsity in the country, the ICFAI University has chalked out a strategy of going global.

Accordingly, it has initiated the process of obtaining accreditations from reputed global management bodies, the Dean of ICFAI Business School, Prof Naveen Das, said here on Monday.

He was addressing the principals, vice-principals and directors of various engineering colleges and business schools across the country at the inaugural session of the three-day `National Conclave of Leaders in Education', considered a unique and first-of-its-kind three-day residential development programme.

"Having consolidated our position in the domestic space, we have now started looking at global market and steps towards acquiring global accreditations have began," Prof Das said.

As a part of this process, the ICFAI University has already acquired memberships in the Association to Advance Collegeate School Business and the European Foundation for Management Development , which is a prerequisite for obtained accreditations of these management bodies.

Stating that the process would take around three to four years for acquiring global accreditations, Prof Das said the accreditations would help ICFAI University get into the league of global institutions and become one of the few Indian management schools to attain such distinction.

The ICFAI University, which has been focussing on investing its limited financial resources on building faculty teams operating through leased premises, has now started making significant investments into building its own campuses. It has already built one at Gurgaon.

"We are now in the process of building a huge campus spread across 100-acre in Hyderabad at a cost of around Rs 80 crore. The campus should be ready by next year. We have also decided to set up a spacious campus at Bangalore, for which the process of locating the land has started," Prof Das said.

On the conclave of leaders in education, the ICFAI Business School Senior Faculty Member, Prof B. Karunakar, said a series of five such three-day programmes are being organised during this month.

Over 1,000 participants from across the country would be attending these programmes.

The three-day programme includes topics on emerging opportunities in educational sector, importance of intellectual leadership and institution building, and fostering research culture.

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