The Indian Institute of Corporate Affairs (IICA) signed a Memorandum of Understanding (MoU) with IILM Institute for Higher Education recently at the IICA campus in Manesar, Haryana. The objective of the MoU is to establish an active collaboration covering various areas related to industry and academics and other areas mutually decided by the two institutions.

The MoU was signed by Dr. Bhaskar Chatterjee, DG & CEO, IICA and Mr. Anil Rai, Chairman, IILM. On the occasion of signing ceremony, Dr. Chatterjee said, “Today is not just a ‘red-letter’ day for both the institutions; it is also the day that marks beginning of a very fruitful partnership. It is always a great pleasure to be associated with people who are managing reputed educational institutions and who literally make education their life. Good education amongst our youth sows the seeds of a great future for the country. Shri Anil Rai has been a pioneer in the education segment. Many leading lights of our business, industry and other areas of our economy have passed through the portals of three IILM Institutions in NCR Delhi.”

Dr Chatterjee added “that the he believes there are many strengths, that both the institutions can share with each other. I see this MoU as a confluence of two streams - academic acumen and business intellect. There are areas in which IICA operates, which would be of great interest to budding managers who have placed their future in your hands”.

Professor Rakesh Chaudhry, Senior Director, IILM Institute for Higher Education said that, “IILM team is honoured to be here at the MOU signing ceremony of the collaborative partnership between IICA and IILM. This partnership is inspired by our shared objectives in promoting and Responsible Management Practices in industry, government, and academia through research, education and training.”

Professor Chaudhry highlighted that “We are impressed with the infrastructure and intellectual capital of the IICA. Dr. Bhaskar Chatterjee’s dynamic leadership has made IICA a great and pioneering organisation within a short span of time. Established in 1993, IILM offers both post graduate and under graduate programmes in management education. IILM has been conducting training programmes for IAS and IPS officers since 2004, for over ten years. IILM also conducts a number of training programmes for public sector undertakings and some of the leading corporates in India.

IILM was inducted as a United Nations Global Compact PRME Champion business school in September 2013. The Principles for Responsible Management Education (PRME) are a United Nations Global Compact initiative whose mission is to inspire and champion responsible management education, research and thought leadership globally. IILM is one of the 30 business schools from all over the world (and only one from India) who have been inducted as PRME Champion business school. IILM is also the Co-lead for faculty development group of PRME along with Copenhagen Business School Denmark and Babson College Boston USA.”

Others present at the MoU signing ceremony included Mr. Anand Rai, Prof Sujit Sengupta, Prof Rahul Mishra from IILM and faculty members from IICA.

Memorandum of Understanding establishes industry academia collaboration for joint education, training and responsible management initiatives. A Memorandum of Understanding establishes a collaborative relationship between the Indian Institute of Corporate Affairs and IILM Institute for Higher Education to jointly pursue industry academia collaboration, responsible management education, faculty development, shared programme delivery, training for public sector and corporate stakeholders, and collaborative research and capacity building, leveraging each institution's complementary strengths and infrastructure.