Page 54 - IACC Newsletter March-April 2014 Issue 03

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(Ami Bera is a member of the US House of Representatives and Richard Rossow holds the Wadhwani Chair in US India
Policy Studies, Center for Strategic & International Studies. The views expressed by the authors are personal.)
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IIT Bombay to offer EMBA with Washington University in St Louis
New programme is the first of its kind to confer an MBA degree from both an Indian and an American university
Washington University in St. Louis (WUSTL) and the Indian Institute of Technology Bombay (IIT Bombay) have
announced a joint Executive MBA (EMBA) programme aimed at the international executive. An MoU on this was signed
today by Prof. and Prof. Mark S. Wrighton, Chancellor, WUSTL.
Devang V. Khakhar, Director, IIT Bombay said that they have been employing a wonderful partnership with WUSTL for
past several years and decided to further this relationship by collaborating in an area, where they felt there was a great
need. "Olin Business School, WUSTL is the leader in the field and an EMBA programme with them will attract top
professionals in Mumbai, while offering a possibility to connect with technology departments of IIT Bombay," he added.
The new programme is the first of its kind to confer an MBA degree from both an Indian and an American university and
will be modeled after WUSTL's highly ranked Executive MBA in China and the United States.
In classes taught by world-class faculty from WUSTL's Olin Business School and IIT Bombay's Shailesh J. Mehta School of
Management, executives will be given the knowledge and tools to immediately apply lessons learned to contemporary
and emerging business challenges. The curriculum is rooted in leadership development and innovation, including
theoretical and practical training, and intergrates local and cultural perspectives.
By engaging with this program, executives become part of a global network of the world's future leaders and policy
makers. "This joint programme with IIT Bombay strengthens that network and provides an opportunity for innovative
executives to make a real difference in their own countries in a direct and observable way," says Mahendra R. Gupta,
Dean of Olin Business School, Washington University.
The Executive MBA programme is meant for professionals with a minimum of seven years’ work experience. Apart from
teaching business fundamentals, it will address leadership, strategic management themes, growth and innovation. The
pedagogy employed will encourage peer group learning through case discussions, group projects and other interactive
methods, besides classroom instructions, simulations and guest lectures. "This programme will create the positive
mindset of executives to orient themselves toward facing the challenges related to innovation, leadership and
entrepreneurship," says Prof. S. Bhargava, Head, Shailesh J. Mehta School of Management, IIT Bombay.
The programme will be spread over a duration of 18 months, where classes will be offered four days per month in
Mumbai and it will end with a two-week capstone experience at Washington University. The first session of the program
will commence in early 2015.
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India-US trade talks to begin from July: Official
India’s exports increased at the fastest pace in six months in May, in a boost for Prime Minister Narendra Modi’s new
government as it signalled a loosening of gold import rules and a push to improve trade ties with the United States.
Bilateral trade stands at about $100 billion annually but is below potential due to disputes over protectionism and
intellectual property rights that have worsened in the past two years.
Trade secretary Rajeev Kher said the two countries were planning to start trade talks in July and could hold a ministerial
level engagement in October, after an expected summit between Mr. Modi and President Barack Obama in Washington.
India’s exports have risen in recent months due to a pick-up in demand from Europe and the United States and a weaker
rupee currency, while strict controls on gold imports have helped prevent a brewing balance of payments crisis last year.