Published : Monday, 18 May, 2015 05:32 PM

Education Promotion Society for India (EPSI) has convened an interactive meeting of Chairmen and Directors of all self-financed PGDM institutions on Wednesday, May 20, 2015 at the Jacaranda II, India Habitat Centre, Lodhi Road, New Delhi.  The meeting will start at 2.00 pm.  More than 50 chairpersons and directors of leading PGDM institutions have consented to join the meeting.  The purpose of this national level meeting is to formulate a common strategy for dealing with the repercussion of the proposed IIM Bill, 2015.
ET has reported that the draft bill has already been sent by the MHRD to the Union Cabinet on March 11, 2015. The bill proposes to create an over arching body headed by HRD Minister and Chairpersons and directors of all IIMs as members. It is said that the purpose of The IIM Bill, 2015 is mainly to benefit IIM’s graduates applying abroad for research opportunities and also helping IIMs to attract foreign students.
For all PGDM institutions, being run by private trust or societies, the proposed bill is not a good omen because it will create a very unfavourable situation for these institutions which confer their own Post Graduate Diploma in Management (PGDM). If the IIM Bill 2015 is passed by the parliament, it will put a big question mark on PGDM Programmes. The legal, financial and market validity of PGDM will be in jeopardy.
EPSI has appealed to all PGDM institutions that they should not remain silent and join hands for finding a sustainable solution. The EPSI has always been in the forefront to help these institutions in past and reiterate to take lead on this issue also. 

EPSI proposes few alternatives on which Institutes will have to develop a consensus :

  • MHRD can be requested to provide a level playing field to PGDM institutions for granting them power to confer MBA degree. MHRD can pass a separate bill for this purpose.
  • All those PGDM institutions which are 20 years old or has been accredited by NBA or NAAC can be given degree awarding powers similar to IIMs as proposed.
  • An Indian Management Council (AIMC) should be set up as a regulatory body for Management Education. It can take over current role of AICTE and should act as a catalyst for management education at undergraduate, post graduate and doctoral levels.

The EPSI, before taking any action in this regard, would like to solicit views of PGDM institutions regarding what should be the future of PGDM institutions and how should they pursue this matter with the MHRD?

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