Hyderabad|India|April'2010: GMR Group, one of the world’s leading infrastructure developers, and the Schulich School of Business of York University in Toronto, Canada, have announced that they have entered into an understanding to develop a Schulich campus in Hyderabad, India.

Schulich’s GMR Campus will be the first full-fledged campus of a major, top-ranked international business school in India. It will operate as a seamless extension of Schulich's Canadian campus, ensuring the same high quality of programmes, faculty and students. This new campus in India will significantly reduce the cost of international education for the student community, who will benefit from the lower cost of living in India.

The Schulich School of Business, which is a public, non-profit institution, will initially offer its two-year MBA programme to 120 students at the Hyderabad campus, along with Executive Education programmes. Under the agreement, Schulich will develop the learning environment and academic infrastructure while the GMR Group will provide the land and the physical campus. This campus will represent a substantial, long-term capital investment in “bricks and mortar” to provide a state-of-the-art setting for students, faculty, staff and executives. Subject to approval under the Foreign Educational Institutions Bill currently before the Indian Parliament and final approvals by the Boards of York University and the GMR Group, admissions would commence no later than 2013.

“GMR will bring its world-class infrastructure development skills to the table, while the Schulich School of Business will bring its expertise as one of the world's top-rated MBA programmes and Executive Education providers,” said V. Raghunathan, Chief Executive Officer, GMR Varalakshmi Foundation.

“The GMR Campus of the Schulich School of Business will be a mirror image of Schulich's Toronto campus, with first-rate facilities, international faculty, and an internationally-focused curriculum,” said Schulich Dean Dr. Dezsö J. Horváth. “We will attract the best and the brightest students from India and abroad and prepare them for global careers in India and elsewhere in the world.”

-April' 2010