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Education
Yale varsity, GLIM to tie up for management India research centre
Our Bureau
Chennai
,
Jan. 5
YALE University and the Great Lakes Institute of Management (GLIM) plan to set up a management research centre in India, for which they will sign an agreement on Thursday.
Dr Richard C. Lewin, President, Yale University, will sign the agreement with Dr Bala V. Balachandran, Founder and Honorary Dean, GLIM, and will also unveil the foundation stone of the centre.
Dr Balachandran said that this was the first time an Ivy League university is tying up with an Indian institution to set up a research centre.
He said that it was his dream to facilitate Yale to develop research programmes in various fields of management for private, public and not-for-profit sectors.
A corpus of Rs 3 crore has been raised to fund the initiative in the first phase.
The Yale-GLIM Centre for Management Research will undertake management-related research activities and consultancy projects.
The programme will involve faculty exchanges, joint research and concurrent case studies and publication.
Commenting on the initiative by Yale University, Prof Shyam Sunder, Honorary Director of Research, Yale-GLIM Centre, and Mr James L. Frank, Professor of Accounting, Economics and Finance, Yale University, said the purpose of the cooperation is to develop capacity for research and scholarship at GLIM.
One of the thrust areas of the Yale-GLIM research will be an analysis of the Indian financial markets spearheaded by Prof Shyam Sunder, an international authority in experimental economics.
Yale plans to set up a dedicated live trade-room facility at GLIM's new campus that will be coming up in a year's time from now.
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