New Delhi: Highlighting the importance of accreditation for B-schools in India, Dr. Anil D Sahasrabuddhe, Chairman of AICTE, underlined the benefits an accredited university enjoys. “It is important that management institutions should try to get accreditation. There are three advantages to it: One, it allows the institution to seek autonomy; two, as a signatory to the Washington Accord, the graduates of accredited institutions will be treated at par with the graduates in other signatory countries including some advanced countries, and three, AICTE gives approval for courses for the entire duration of a valid accreditation. Besides, the technical charges payable by the institution annually are also waived off,” said Dr. Anil D Sahasrabuddhe, at the EPSI’s B-School Leadership Conclave here.
EPSI’s B-School Leadership Conclave culminated with a core focus on Indian business education and discussed on bringing autonomy among institutions. Dr. Anil D Sahasrabudhe, Chairman of AICTE, exchanged ideas on bringing a comprehensive set of rules to regulate autonomy among business schools and also shared his struggle to fill the gap between AICTE and business schools, especially while developing a curriculum on newer topics such as blockchain and crytocurrency, subjects that are expected to garner larger markets in future.
“I am sure EPSI has been at the forefront to engage in various activities with business schools. And we have discussed this thing a lot of times at AICTE. When I joined as the chairman, there were a lot of issues and problems within AICTE. We took a close look in the process of what AICTE was trying to bring and what management schools were trying to do. After a collective dialogue, we came up with a new set of rules which helped the institution to independently operate, but that was not enough. Since the Government of India has started giving more autonomy to institutions, IIM Bill is one of the game changers in bring autonomy and institutions of eminence that we have selected till now with others in pipeline, these are the two steps that have been taken by the government to bring autonomy,” says Dr. Anil D Sahasrabudhe, Chairman of AICTE.
The 4th plenary session on the day also included a panel discussion on “Regulatory Policy for Developing Futuristic B’Schools in India”, which included Dr. Rattan Sharma, President, AIMS; Shri Sanjay Padode, Secretary, CDE, IFIM Business School; Dr. Jitendra K Das, Director, FORE School of Management; Dr. D.N Pandey, Director, Jaipuria Institute of Management; Shri Kamal Singh, Executive Director, UN Global Compact Network India and Dr. J Chaturvedi, Alternate President, EPSI.
Hon’ble Vice President of India, ShriVenkaiah Naidu, inaugurated the conclave along with the Guest of Honour, Prof. Eric Cornuel, Director General and CEO, European Foundation for Management Development (EFMD), on 27th February. Dr G Viswanathan, Founder & Chancellor, Vellore Institute of Technology (VIT), Dr H Chaturvedi, Alternate President, Education Promotion Society for India (EPSI) and Dr M R Jayaram, Chairman, M S Ramaiah Group of Institutions attended the inaugural session of the conclave.