Great Lakes plans R200 crore investment in campuses

Written by Kirtika Suneja | Updated: May 14 2012, 09:13am hrs
The Great Lakes Institute of Management is planning to invest R200 crore in setting up two new campuses in the country in Mumbai and Orissa. The institute has two campuses at presentin Gurgaon and Chennaiwith a student strength of more than 500. Already, about R150 crore has been invested in the Chennai campus, and R50 crore would be invested in the next 12 months and a total of R200 crore by 2015 to develop the campus in Gurgaon.

Great Lakes Institute of Energy Management and Research (IEMR) offers an energy management programme covering power, oil & gas, renewable energy, energy efficiency and sustainable development. Great Lakes also has a tie-up with the Bauer School of Business at the University of Houston to offer its globally top-ranked Executive Energy Management programme in India called GEMBA.

My vision is to make the country energy independent and state governments have been supportive. We have already got land from the Orissa government, said Bala V Balachandran, founder and dean, Great Lakes IEMR.

The campus in Mumbai will offer courses in banking, financial services, insurance and family business. The institute is also looking to expand globally and has set its sights on the Asian countries of China, Japan and Korea, besides Latin American nations.

Though there would be no increase in the student strength of the institute, Balachandran said that the fee would be increased by 10%. Looking at the economic conditions, we dont want to increase the student intake, he added.

The class of 2012 of the Great Lakes IEMR had an average compensation of over R8 lakh and saw participation from consulting and energy related companies such as Deloitte Consulting, Wipro EcoEnergy, Mercados, ICRA Consulting, PTC, Moser Baer, Fedders Lloyd, Infraline, Emerson, Capital Fortunes and NCC Limited, among others. The profiles offered included consulting, business development, finance, corporate planning, project management and research.