IIM-C to go for int'l accreditation

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The Indian Institute of Management-Calcutta is planning to get international accreditation from two agencies that rate business schools.

At the board meeting in Joka on Wednesday, it was decided that IIM-C will seek certificates from renowned American agency, AACSB International, and EFMD (European Foundation for Management Development), which hands out the prestigious European Quality Improvement System (EQUIS) label.

"The international accreditation will help us gain better global access and aid us in forming alliances with international institutes," said IIM-C chief administrative officer Dinesh Varma. "It's a time-consuming process but we want to start it now," he added.

Besides, the board also reviewed the strategic plan made last year on review of curriculum, augmentation of faculty and campus modernization.

For 2008-09, IIM-C will focus on five areas, including campus expansion, international accreditation and increasing faculty.

"As per the new construction which is taking place on campus, there will be 19 new classrooms in different sizes," added Varma. With the OBC quota regime in place, more teachers will be required too. "We plan to add 20 teachers to the faculty in 2008-09," said Varma.

IIM-C also wants to develop its alumni outreach "so that we can mutually benefit". The institute is going to encourage its faculty to go for research programmes and so forth to get away from routine administration work.

For the infrastructure development, there has to be a review of financial planning. So, a two-member committee, comprising external board member Rupen Roy, and IIM-C faculty member Prof Ashish Bhattacharya, have been set up. "They will submit their report in October during our next board meeting," said Varma.