Friday, September 5, 2008

Pune institute's B-school in UK

Pune: TOP Management Institutes from United States and United Kingdom setting up campuses in India may soon become a thing of past. For the first time, a Pune-based management institute, TASMAC, has successfully launched a full-fledged B-School in London.
Going global"
Indian institutes setting campuses in Singapore and Dubai has happened, but no one has ventured into the West. We are the first in the education sector. Who knows we may have just started a new trend," said Sameer Dua, joint managing director, TASMAC.Last year 20,000 students went to UK to pursue higher education, this certainly is a huge number considering average annual tuition fee for a management course is £12000 (Rs 9.5 lakh)."We chose London because it is a cosmopolitan city and we have been working with University of Wales for a long time, so we are very adept with the British system of education, said Dr Giri Dua, chairman and managing director of TASMAC.The institute has leased a building with floor area of 18,000 sq ft for 15 years. Around 1,000 students can be accommodated in various batches offering programmes such as full time and part-time MBA and BA (Hons) in Business Administration, all validated by the University of Wales.
Fee structure"
The fee structure is very competitive. BA (Hons) course will cost £3,950 (Rs 3 lakh approx), while MBA students will have to shell out £6,950 (Rs 5.5 lakh) per annum," added Sameer.The first batch for the London campus starts from October and 150 students have already been enrolled. "While 50 per cent of the students are Indians, the rest are from South East Asian countries." TASMAC has invested in all Rs 8 crores in the venture, partly financed by Bank of India, UK. "Money is the least of considerations in such investments. The challenge lies in operating in such mature markets," he added. To promote TASMAC London School of Business, the institute has been operating as South Asia and India office for various universities in US, UK, Switzerland, Italy, Australia and Canada. About 150 counselling centers have been set up in India, Bangladesh, Nepal, Sri Lanka, Pakistan and Mauritius.

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