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In order to induct more management students from overaseas, the Indian Institute of Management - Ahmedabad (IIM-A) on Tuesday, announced the supernumerary seats for foreign nationals, who wish to take up IIM's PGP courses on the campus.
Announcing the decision, Ashish Nanda, Director, IIM-A said, "The seats offered to the foreign students will be over and above the current capacity of the foreign students. The step is aimed at bringing diversity in foreign students."
IIM-A has 431 seats for PGP and PGP-ABM courses, while supernumerary seats will be about 10 per cent of the existing seats.
Also, the institute has decided to change the curriculum of its flagship current post graduate programme (PGP), and PGP-Agribusiness Management (PGP-ABM) programmes. The institute has inducted a feature of food processing business in its ABM programme, which would now equip students to take up career in food processing sector as well.
"We are also opening up our ABM programme for students of non-agriculture background. This way the intake of students will become more diverse in terms of academic background," said Vijay Paul Sharma, chairman - PGP-ABM.
The institute has also introduced two new courses - 'agricultural systems' and 'rural social and institutional environment' for the first year students. This is seen as an orientation for students with non-agricultural background.
IIM-A, which has a total strength of students at about 430 put together all programmes, has decided to increase the fees by about 11.5 per cent. The fees for its PGP and PGP-ABM will increase from the present Rs 16.6 lakh to Rs 18.5 lakh for the course 2015-17. Similarly, fees for its executive programme, PGPX, IIM-A has increased the fees from Rs 21.5 lakh to Rs 24 lakh for the batches commencing from April 2015.
"We have had no fee hike for the past two years. In these two years, inflation increased at about 10 per cent and also, administrative costs have gone up. As the institute is financially autonomous in its operations, and to maintain our fiscal prudence, we need to increase fees," added Nanda.
Nanda further mentioned that the institution has been providing financial support to the students from economically weaker background. "We have disbursed financial aid of Rs 7.55 crore to 295 students in 2012-13 and Rs 6.94 crore to 242 students in 2013-14," he said.
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