ISB, IIFT under AICTE lens

Dec 21, 2012 by

Source: www.infoline.com via PwC – EdLive

The latest list of unapproved institutions put out by the All India Council for Technical Education (AICTE) features some popular names second only to the IIMs or even considered on par with them. The Indian School of Business (ISB) in Hyderabad, the Indian Institute of Foreign Trade (IIFT) in Delhi, and the Great Lakes Institute of Management (GLIM) in Chennai have made a name for themselves within and outside the country, but are also on the AICTE’s list of unapproved institutions. Others include the Indian Institute of Planning and Management, ICFAI, Amity Business School and ITM.

However, the institutions are not unduly worried by this. The official statement released by the ISB “stated that the institution’s one-year postgraduate programme does not fall under the ambit of AICTE’s current regulatory mechanism for business schools and therefore no approval was sought.” Sriram servicing, healthcare, construction technology and textiles. Students will be offered world-class training which is adapted to the Indian market and industry requirements. The CMC Academy currently offers job-enabling training in IT, accounting and finance and several skill areas through 250 plus training locations across the country. India’s accelerated economic growth and increasing demand for skilled manpower will require intensive efforts to achieve the target of up-skilling 500 million workers by 2022. Recent estimates show only 10% of the total workforce in the country is receiving some kind of skills training (2% with formal training and 8% with informal training). According to the NSSO survey, only 6% of the total workforce (459 million) is in the organised sector. The World Economic Forum indicates that only 25% of all Indian professionals are considered employable by the organised sector. The unorganised sector is not supported by any structured skill development and training system to acquire or upgrade skills.