Indian School of Business (ISB), rated among the world?s top 20 best B-schools, would set up a Rs 200-crore new campus. The Hyderabad institution is weighing the options between Chandigarh and Tirupati for the new campus. The donor-based institution is also looking for fresh donors to fund the campus.
While Andhra Pradesh chief minister YS Rajasekara Reddy has promised free land and related infrastructure in Tirupati for the second campus, ISB has also received an invitation from the Punjab government.
?We have received positive requests from the Andhra Pradesh, Assam and Punjab governments. However, we have not yet decided on the location,? said Savita Mahajan, associate dean, strategic initiatives, admissions & career services, ISB. A board meeting is scheduled on April 5 to decide on the matter.
Sources say while AP has offered free land, the Chandigarh administration is still demanding something in return. However, the investor community seems to have voted for a centre in the north.
Mahajan said ISB, founded in 2001, would need more donors to share the cost of the new campus. ?We are looking at fresh donors, although the existing board members would be investing for the second campus, too,? she said.
Though the new facility, which would see its ground-breaking ceremony this fiscal, would not be as big as the Hyderabad one, it would have new and focused management education programmes.