Hyderabad, India, June 9, 2011 – GMR Group, one of the world’s leading Infrastructure developers, and the Schulich School of Business of York University in Toronto, Canada, today announced that they have entered into an AGREEMENT to develop a Schulich campus in Hyderabad, India. The agreement comes exactly a year after the two signed an MOU last year.
Schulich’s GMR Campus will be the first full-fledged campus of a major, top-ranked International Business school in India. The Schulich School of Business, which is a public, non-profit Institution, will initially offer its two-year MBA programme to 120 students at the Hyderabad campus, along with Executive Education programmes. Under the agreement, Schulich will develop the learning environment and academic infrastructure while the GMR Group will provide the land and the physical infrastructure. Subject to approval under the Foreign Educational Institution Bill currently before the Indian Parliament, admissions would commence in January 2013.
The campus will be strategically located in the aerotropolis being developed by GMR over 1000 acres around Hyderabad international airport, which is well connected to domestic and international air routes. The airport city will also have some of the world’s most renowned names for its 6 ‘ports’ (Logistics Park, Funport, Eduport, Aerospace Park, Business Port and Healthport) in healthcare, hospitality, convention centre, trade centre, K-12 schools and more, to make it a self-sufficient state-of-the-art urban centre with assured power, water & sewage, security and associated infrastructure, in direct proximity to the airport.
“GMR will bring its world-class infrastructure development skills to the table, while the Schulich School of Business will bring its expertise as one of the world’s top-rated MBA and Executive Education providers. The campus in India will provide another high quality option for business management education to the best of the Indian and international students interested in Asian markets, given that the world economic stage has leaned significantly towards Asia in recent years,” said Mr. G.M.Rao, Group Chairman, GMR.
“The GMR Campus of the Schulich School of Business will provide the same international look and feel as that of Schulich's Toronto campus, with first-rate facilities, international faculty, and an internationally-focused curriculum,” said Schulich Dean Dr. Dezsö J. Horváth. “We will attract the best and the brightest students from India and abroad and prepare them for global careers in India and elsewhere in the world.”