XLRI expansion: new campus in Delhi, global MBA

XLRI School of Business and Human Resources not only plans to expand its footprint in the country by setting up a campus in Delhi but is also on a fund-raising course and aims to garner around Rs 100 crore in endowments over the next five years.

According to a report in the Economic Times, the Jamshedpur-based management institute is looking to tap both alumni and corporates for its fund raising drive and is open to naming centres or facilities after generous donours.

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The management has already formed a core alumni committee to take this initiative forward and is also planning to approach companies which rank among its major recruiters, the report said.

Meanwhile, the much-awaited campus of XLRI in Delhi will come up by 2014 near Gurgaon with a capacity of 120 seats. A large chunk of the funds raised will go towards this new campus. Total investment for the new campus would be about Rs 50 crore to Rs 60 crore, E Abraham SJ, director of the Xavier Labour Relations Institute (XLRI) has been reported as saying.

The institution is also starting its first ever Global MBA Programme in partnerships with Weatherhead School of Management of Case Western University, Cleveland, USA and School of Economics & Management of Tongji University Shanghai, China .The full time two-year residential global MBA programme will commence from June 2013 and will be held in three parts i.e. one third each in Jamshedpur, India; Shanghai, China and Cleveland, USA respectively, and will be taught by faculty of all these three B Schools.