The Hindu Business Line : IFMR setting up new campus in Chennai

“We are planning to invest Rs 30–40 crore to build this campus over 30-35 acres,” Mr Nachiket Mor, Chairman, Management Council, IFMR and Deputy Managing Director, ICICI Bank, said on the sidelines of the institute’s graduation ceremony.

Two locations are being considered for the new campus, he said, without sharing the details of the possible location. The campus, to be occupied by 2009, would include a research centre developed jointly with well- known company, Mr Mor said. It will focus on providing infrastructure such as a trading floor (on the lines of what exists in banks) for students to experience first-hand trading in commodities, foreign exchange and bonds.

IFMR also runs a business incubation centre that helps start-ups by sharing research findings with them.

Start-ups

Currently five start-ups, working in areas related to rural BPO, rural food, rural craft and rural tourism, have been seeking help from the institute. Mr Mor said 11 more had been chosen to work with in future.

The institute’s Centre for Development Finance in collaboration with Massachusetts Institute of Technology- Department of Urban Planning has undertaken a project focusing on integrated development of Erode. This includes plans for improving roadways, waterways, occupational aspects related to the leather industry and town planning.

Erode development

Phase one of the project has been complete and phase two is on. Authorities from the Tamil Nadu Urban Development Fund have shown interest to take the project forward, said Mr Mor. At the graduation ceremony 45 students, the institute’s sixth batch of full time postgraduate diploma in management (PGDM), were awarded their degrees in addition to 18 under a part-time PGDM programme. The average annual salary bagged by the full time PGDM students this year is about Rs 5.6 lakh. The salary offered ranged from Rs 4.9 lakh to Rs 7.5 lakh.

The institute has obtained permission from the All India Council for Technical Education to start two new courses this year — PGDM in Financial Engineering and in Development and Sustainable Finance.

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