IIM-C board chairman against privatisation
Indian Institute of Management Calcutta is against the privatisation of IIMs but welcomes corporate contributions to generate resources for new IIMs.
By ET Bureau | Updated:
KOLKATA: Indian Institute of Management Calcutta ( IIMC) is against the privatisation of IIMs but welcomes corporate contributions to generate resources for new IIMs, the institute’s board of governors’ chairman Ajit Balakrishnan said on Saturday evening. He was speaking on the sidelines of the institute's 46th convocation.
“We favour corporate contributions for new IIMs as they may not be in a position to generate resources adequately in the initial years,” said Balakrishnan. “But privatisation is a no-no.” A few days ago, Union human resource development minister Kapil Sibal had ruled out privatisation of IIMs at IIM Bangalore's convocation, amid speculation on the issue after a proposal by a committee constituted by the HRD ministry.
Balakrishnan added that while contributions could be made without any right in an institute's board, corporates should be allowed to get full tax benefit of their total contribution.
“We favour corporate contributions for new IIMs as they may not be in a position to generate resources adequately in the initial years,” said Balakrishnan. “But privatisation is a no-no.” A few days ago, Union human resource development minister Kapil Sibal had ruled out privatisation of IIMs at IIM Bangalore's convocation, amid speculation on the issue after a proposal by a committee constituted by the HRD ministry.
Balakrishnan added that while contributions could be made without any right in an institute's board, corporates should be allowed to get full tax benefit of their total contribution.
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