Indore, Sept. 15: Indian Institute of Management Indore (IIM Indore), one of the premier B-Schools signed a Memorandum of Understanding (MoU) with country’s leading technology institute Indian Institute of Technology Indore (IIT Indore) for joint research programmes on September 14, 2020.
This is the first MoU being signed between IIM Indore and IIT Indore which aims at improving, strengthening, and promoting relations between the academic members, students, and research groups of Indore’s two marquee institutions. The MoU was signed by Professor Himanshu Rai, Director, IIM Indore and Professor Neelesh Kumar Jain, Director, IIT Indore.
Both the institutes have agreed to work on a proposed framework of common interests and to share resources; including top faculty, towards joint consulting and research. Both the institutions plan to offer joint programmes in emerging domains such as AI, analytics, and technology and also encourage entrepreneurship by working together for incubation centers, ideation centres for start-ups and centres of excellence. The institutes would also promote student and faculty exchange and encourage activities for social welfare.
Professor Himanshu Rai, Director, IIM Indore said that the agreement will add significantly to IIM Indore’s reputation of being a provider of cutting-edge management expertise to 21st century businesses. “The mutual synergies of IIM Indore and IIT Indore will allow both institutions to offer enormous value-addition to not only the students, faculty and businesses in India and globally, but it will also bring fresh perspectives and rigour to technical and management learning pedagogies whose benefits will be felt across the broader academia and industry,” he said.
Professor Jain also welcomed the MoU and noted that this would be the first time IIM Indore and IIT Indore have collaborated officially. “This would help our students to coordinate together for various events, research, exhibitions, etc.; and also ecourage our faculty to do joint researches in the field of management and engineering both”, he said.
This MoU aims at exchanging invitations to scholars and students to participate in academic activities such as exhibitions, lectures, conferences, symposia and workshops and also facilitating exchange of experiences and opinions to mutual benefit. IIM Indore looks forward to many more such fruitful collaborations in the future.