Jamshedpur, Sept. 7: In keeping with its global ambitions, XLRI has decided to include experts from international institutions in its board of governors.
In the initial phase of the move, a first among B-schools in India, XLRI has received two confirmations: Francis Estrada, president, Asian Institute of Management, Manila, and Abol Jalilvand, dean and professor of Finance, School of Business Administration, Loyola University, Chicago, have agreed to be a part of the 21-member board of governors.
“The mantra for success of any institution is to think beyond India. All the universities I have got in touch with have responded positively. There could have been no better time than this because this is the time when the foreign market wants to tap the potential in India because of the economic boom,” said XLRI director Father E. Abraham about the move.
Estrada and Jalilvand would be inducted into the board after a meeting on November 15.
XLRI will be the first B-school in India to include foreign experts into its board.
Although the IIMs — Ahmedabad, Calcutta, Indore, Lucknow — and the Indian School of Business, Hyderabad, have visiting faculties from foreign universities, none has foreign members contributing in the decision-making process of the institutes.
XLRI, too, has been collaborating with around 15 international institutes and universities for faculty and students exchange programmes.
Talks are on with a few more universities in the US and Europe, but the B-school doesn’t want to divulge details just yet.
“The talks are at a primary stage. But, we will try our best to tie up with more foreign universities in order to lend our faculty and students better international exposure,” said Abraham.
As of now, he is naturally excited about XLRI’s board going international. This, coupled with the existing tie-ups, the director believed, would encourage more foreign students to come and study at XLRI.
“I hope once XLRI is fully established as a global business school, foreign students will get attracted to our campus. As it is education is cheaper in India. Therefore, we can get a better response from students of other countries,” hoped Abraham.
With two international experts having confirmed their participation, XLRI is now looking for more experts like deans, principals and directors from European countries, including France and Spain.