Published: December 5, 2012
Government and academic leaders in Mohali commemorate the dedication of the Indian School of Business’ new campus there
The Indian School of Business (ISB) Dec. 2 opened its second campus in Mohali—a move that both furthers the school’s vision of providing world-class management education in India and underscores its collaborative partnership with the MIT Sloan School of Management, which has been a key ally of ISB for more than two years.
Founded in 2001, ISB has gained a reputation as one of the top MBA programs in the country. It is ranked among the top 20 business schools in the world, according to the Financial Times.
ISB’s new campus, situated in Knowledge City in the Punjab state, houses four institutes for promoting research and offering specializations in key industries: infrastructure, manufacturing, healthcare, and public policy. MIT Sloan is playing a pivotal role in the design and development of two of the institutes: the Munjal Global Manufacturing Institute (MGMI) and the Punj Lloyd Institute of Physical Infrastructure Management (PLIIM).
David Schmittlein, John C Head III Dean at MIT Sloan, said the launch of the new campus, and these two institutes in particular, marks “the beginning of a new chapter” in the schools’ alliance. “The close relationship between ISB and MIT Sloan gives both schools an opportunity to leverage the others’ knowledge, creativity, and discipline to solve some of the great challenges of the 21st century,” he said.
“The Mohali campus will serve as a platform from which both schools’ faculty will produce cutting-edge management knowledge in the fields of manufacturing and infrastructure in the years to come,” he added.
Recognizing the support of MIT Sloan to ISB, Savita Mahajan, deputy dean at ISB, and chief executive of the Mohali Campus said: “The ISB is a successful model of collaborative partnerships and our relationship with MIT Sloan builds on this success. We are delighted to have the support and expertise of MIT Sloan in setting up the MGMI and the PLIIM. I am confident that our understanding of emerging markets will complement the deep expertise of MIT Sloan and together we will help fill the gap for high-quality research and leadership talent in these specialized verticals. I would like to thank the leadership and faculty of MIT Sloan for their visionary support, and I look forward to strengthening our relationship in the years to come.”
India, which is the fifth largest economy in the word, has seen tremendous expansion over the past two decades. Its growth has averaged more than 7 percent per year since 1997, according to statistics from the CIA World Fact Book. But much of the country’s infrastructure—historically funded almost entirely by the government—is out of date. India’s manufacturing sector, meanwhile, operates in the shadow of its services sector.
“The creation of new infrastructure and new approaches to manufacturing are critical to the economic development of India,” said S.P. Kothari, deputy dean at MIT Sloan and one of the architects of the collaboration between the two schools.
“There is a tremendous amount of science involved in building up a modern manufacturing sector and developing infrastructure that serves the needs of a large, diverse population,” Kothari said. “MIT Sloan is proud to be associated with ISB in these noble goals.”
Charles Fine, the Chrysler Leaders for Global Operations Professor of Management at MIT Sloan, who has been involved with MIT’s Leaders for Global Operations (LGO) program since its founding in 1988, believes that program serves as a great model for MGMI and ISB Mohali’s new manufacturing concentration. Building on his LGO experience, Fine helped conceive ISB Mohali’s manufacturing curriculum, which includes courses such as: Lean Production and Total Quality Management, Operations Strategy, and Operations for Entrepreneurs. He also designed a capstone course, Manufacturing Proseminar, where student teams complement their academic work with an action learning consulting project for a manufacturing company. In addition, Fine consulted on some of ISB’s core courses such as Supply-chain Management and Sustainable Operations.
“The opportunity to build a stronger manufacturing base in India to power national economic growth is waiting to be exploited,” said Fine. “ISB attracts a very high caliber of students, and the launch of the MGMI will help harness their energy and create a new generation of leaders to support a renaissance in India’s manufacturing sector.”
Richard de Neufville, professor of engineering systems and civil and environmental engineering at MIT’s Engineering Systems Division, consults on the development of the PLIIM. The Institute will be a launch pad for executive courses, leadership roundtables, and a variety of research initiatives around large infrastructure projects.
“We want to put this Institute on the map as a leader in addressing one of India’s biggest problems: the design, configuration, and implementation of large infrastructure projects, such as power plants and water and sewage treatment centers,” said de Neufville.
“There are huge amounts of infrastructure that need to be rolled out in India, and this should be done in the context that’s right for India. Developing approaches to public and private partnerships that are appropriate to the Indian context is a primary goal of this new endeavor.”
The ISB Mohali campus, which spans 70 acres, is equipped with state-of-the-art learning facilities, including lecture theatres, a 500-seat auditorium, student and faculty housing, and other recreational facilities. Its establishment was made possible by leadership of the Government of Punjab and with generous financial support from Bharti Airtel, Hero Group, Max India Group and the Punj Lloyd Group.
The campus was formally inaugurated by Sri P Chidambaram, Hon’ble Minister of Finance for the Government of India, in the presence of Sardar Parkash Singh Badal, Hon’ble Chief Minister of Punjab and Sardar Sukhbir Singh Badal, Hon’ble Deputy Chief Minister of Punjab, and members of the ISB Executive Board.