Self-regulatory mechanism soon for PGDM course colleges: FICCI
Fearing that education institutions would be "crippled" due to restrictions imposed by a recent AICTE notification for post-graduate diploma in management courses.
New Delhi: Fearing that education
institutions would be "crippled" due to restrictions imposed
by a recent AICTE notification for post-graduate diploma in
management courses, an industry body on Thursday said it will come
up with self-regulatory mechanism for such colleges.
"Educational institutions and industry will be crippled
due to the restrictions imposed following the notification by
All India Council for Technical Education (AICTE) in
December," Federation of Indian Chambers of Commerce and
Industry Director General Rajiv Kumar told reporters here.
He added, "We will prepare a set of self-regulatory
guidelines for colleges running PGDM courses".
Kumar said no dateline was set for preparing the
guidelines and added that it would be done at the earliest by
taking views of all the stake holders.
He was speaking after a meeting attended by directors
and deans of various colleges and institutions, including
industry representatives from leading multinationals to
discuss the fall out of the AICTE notification and its impact
on colleges that offer PGDM courses.
On December 28, AICTE had issued provisions for
regulating the PGDM courses in the country after the regulator
received as many as 80,000 complaints on a range of alleged
irregularities being committed by some of the institutions.
In eight points, the notification called for much
greater role of respective state governments in running of
B-schools, and have many provisions covering almost every
aspect of running a management institute. The provisions are
also not giving permission to run the globally successful
one-year MBA programme in the country.
Expressing fears that "over regulating" would "kill"
institutions, Kumar said the notification came at a time when
India was emerging as a hub in the area of business education,
adding, "this is why FICCI has agreed to work with the
institutions concerned and industry to create credibility of
An education institute member who did not want to be
named said the entire sector was shocked over the AICTE move
"especially since it happened during the tenure of the current
HRD minister who is such a pro-active person".
H Chaturvedi, director BIMTECH said the "draconian"
notification would be a setback to institutions and the
industry, as the sector, was gearing up for the entry of
foreign institutions in the country.
Of the 3,800 B-schools registered with AICTE, nearly 500
run PGDM courses.