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Indian Institute of Management (IIM), Raipur, has signed a Memorandum of Understanding (MoU) with the Grenoble Ecole de Managementseeking student and faculty exchange programs, collaborative research projects and organization of joint academic and scientific activities. The MoU was signed by Prof. B.S. Sahay, Director, IIM, Raipur and Prof. Loick Roche, Dean,Grenoble Ecole de Management, Grenoble,France.

Grenoble Ecole de Managementis one of the leadingbusiness schools in France. The institute has ten sites abroad. They are based in China, Georgia, Lebanon, Morocco, Russia, Saudi Arabia, Singapore, Switzerland, UK - London, and USA.
The co-operation program aims to foster advancement in teaching, research, cultural understanding, as well as international reputations of both institutions through: the exchange of postgraduate students, faculty members, and academic information and materials; the organisation of joint corporate training programs, joint research programs, joint conferences; and other academic exchanges that both institutions agree to.
Each institution will accept Post-Graduate students from the other institution starting from the academic year 2013-14. They have agreed to exchange up to five students for one semester/term of study per academic year. No tuition fee will be charged by the partner or host institution.
Grenoble Ecole de Management and IIM Raipur will also exchange faculty members, which will create a strong basis for the development of joint training programs, formulating joint research projects, exchange of teaching materials, and so on. Under this agreement Grenoble Ecole de Management and IIM Raipur may invite faculty members from the partner School to teach part of a course or a full course. 
Under this agreement both institutions will explore possibilities of collaboration in conducting middle and senior management training programs in business management topics with a view towards promoting the image of both Schools as disseminators of state-of-the-art knowledge in this field. The program will be of two weeks duration. One week of the program will be conducted at IIM Raipur and one week will be conducted by Grenoble Ecole de Management at their facilities.
Both institutions shall explore the feasibility of organising joint international and local academic and business conferences to improve visibility and enhance the image of both institutions as quality service providers to business and industry.
Grenoble Ecole de Management has been accredited by AACSB, EQUIS and AMBA and has collaborations with IIM Bangalore and IIM Lucknow.
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