ISB inks pact with Singapore Management University

The Indian School of Business (ISB) said it has signed an MoU with Singapore Management University (SMU) to collaborate, share best practices and leverage each other's expertise.

The partnership will allow both the institutions to contribute to industry and academic developments in India, Singapore and the Asia Pacific region, a statement from ISB said.

Rajendra Srivastava, Dean ISB, said the premier institution has embarked on an ambitious agenda to become the leading B-school in Asia in the next few years.

"ISB's academic partnerships have played an important role in its evolution and growth over the years. In keeping with this, we see an enormous potential in associating with SMU and working towards a stronger, mutually beneficial, institutional connection to develop expertise and insights on Asian and emerging markets that will be of immense value to the world at large," Srivastava said.

SMU President Arnoud De Meyer said both the institutions share similar achievements, such as growing to become established world-class educational institutions in 15 years and being among the youngest to be accredited by AACSB (Association to Advance Collegiate Schools of Business).

"We are pleased to work with a like-minded partner that is focused on innovation and entrepreneurship in business education, to exchange and deepen our expertise in teaching, research and student programmes," Meyer said.

The collaboration is for an initial period of five years between the ISB, with campuses at Mohali and Hyderabad, and SMU commencing April 15, 2016.

ISB and SMU will collaborate to develop new thinking and practices in the areas of innovation and entrepreneurship and design a new joint programme, it said.