Hyderabad: In the
first such tie-up, the Indian School of Business (ISB), one of the
top B-schools in the world, Friday signed a Memorandum of
Understanding (MoU) with Karachi's Institute of Business
Administration (IBA) to provide executive education in Pakistan.
The Centre for Executive Education (CEE) at ISB will offer open
and custom-designed programmes under the collaboration, the first
as part of its mission of focusing on emerging markets.
Deepak Chandra, deputy dean, ISB and Ishrat Husain, dean and
director, IBA, Karachi signed the MoU, under which ISB would
provide executive education courses to senior management
executives looking to fast track their careers.
The CEE, one of the largest executive education providers in Asia,
will design and deliver the programmes while IBA, the oldest
business school outside North America will do the marketing and
The first programme is scheduled to commence in June this year.
The CEE plans to offer 10 programmes in the first year. The course
offerings will include open or short-duration programmes that are
driven by research, custom-designed programmes or specialized
courses devised to cater to specific needs of a particular
well as workshops and seminars.
Under the partnership, the first between two business schools of
India and Pakistan, the ISB faculty would visit IBA.
Deepak Chandra said the initial areas of focus will be family
business, entrepreneurship, business leadership, strategy and
related domains. There will also be programmes on Public Private
"It is a momentous occasion for us. This is the start of something
which we all will cherish. We hope this relationship will be a lot
of learning for both the institutions," he said.
"We are confident that this partnership will help generate
tremendous opportunities for cross-collaboration between the two
schools and set the tone for many more future associations aimed
at nurturing business and entrepreneurs who would contribute to
the growth of business and industry in Pakistan."
He said the centre would not only work with the private sector but
also with the public sector and the government in Pakistan.
One of the top three providers of executive education in Asia, the
CEE's revenues during 2011-12 exceeded $12 million (Rs.60 crore).
Last year, the centre provided training to over 4,000
professionals through 125 programmes.
Stating that the ISB is engaged in developing leadership for
inclusive growth in India, he said the centre is keen to work with
the markets which have similar kind of characteristics and
Besides Pakistan, the centre plans to reach out to Bangladesh,
Iran, South Korea, Thailand, Vietnam, Philippines, Indonesia,
Turkey, Mexico and Nigeria.
"This is the beginning of a long relationship. We are making
modest beginning but we will build on this and I hope this will
lead to exchange of students, faculty members, collaborative
research and case studies," said Ishrat Husain, a well-known
economist and former governor of Pakistan's central bank.
"As a long time advocate and firm believer in friendly relations
between the two neighbourly countries, I feel that for peace and
prosperity of our people this event represents a turning
point...India has made huge advances in higher education, science
and technology and we in Pakistan should benefit from their
Lauding the ISB for rapid advances it made within a decade to
emerge as one of the top global business schools, Husain said ever
since he became dean of IBA he always looked at ISB as a
Husain noted that though IBA is the oldest school established in
1957, it is "too complacent" and "too much preoccupied with its
"In this dynamic world we can't afford to remain static and
stagnant and that is why we decided to look forward to become
global business school again."
"We thought we should look to our next door neighbour because our
history, culture, eco system, traditions, attitudes and mindset
are almost identical. We felt why not look to India rather than to
West for our collaborative partnerships," he added.