IIM Mumbai to open satellite campus focused on finance, tech and policy research
The proposed campus will offer undergraduate, postgraduate, and doctoral programmes in emerging fields such as economics, accounting and finance, technology and data science, and law and regulation.This academic design is closely aligned with the National Education Policy (NEP) 2020, which promotes innovation, flexibility, and interdisciplinary learning in higher education.The initiative will also foster research that responds to industry needs and policy challenges in real time.PROXIMITY TO REGULATORY BODIES A STRATEGIC ADVANTAGEIIM Mumbai's plan envisions the new campus being situated near India's key financial regulatory institutions, including RBI, SEBI, BSE, and NSE. The location will give students direct access to policymaking, market movements, and institutional frameworks.Professor Manoj K Tiwari, Director of IIM Mumbai, said, "The proximity to regulators and key institutions will provide students with unmatched exposure and engagement with live policy, innovation, and industry frameworks, essential for shaping leadership for the future."The initiative is expected to create a vibrant academic-industry ecosystem, attracting policymakers, investors, and scholars from around the world.STATE GOVERNMENT BACKS TRANSFORMATIONAL VISIONAccording to Shailendra Deolankar, Director of Higher Education, the proposal is being evaluated as part of broader educational reforms.He confirmed that consultations are underway with academicians, industry leaders, and public stakeholders to ensure the proposal aligns with inclusive and future-ready educational policies.The proposal includes a detailed financial and infrastructure roadmap to support execution and long-term sustainability.BUILDING A GLOBAL EDUCATION HUB IN MUMBAIDescribing the initiative as a milestone, IIM Mumbai noted: "It stands poised to make Mumbai not just the financial capital of India, but also a premier destination for transformative, world-class education."The satellite campus is expected to become a talent hub for digital finance, regulation, and economic governance, contributing to India's vision of a knowledge-driven economy.- Ends
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The Hindu
10 hours ago
- The Hindu
To survive AI and global geopolitics, India should become a hub of knowledge creation, not just knowledge processing
Earlier this month, Tata Consultancy Services (TCS), India's largest IT services firm, confirmed it will lay off 12,000 employees. For decades, companies such as TCS symbolised India's prowess in IT-enabled services — a low-cost, high-scale model that rode the wave of globalisation. But that model is now under existential strain. The era of labour arbitrage is drawing to a close, and the age of artificial intelligence (AI) is rewriting the rules of economic competitiveness. Generative AI, machine learning, and automation are fast replacing the very tasks that once gave India its edge: coding, data entry, support services, and even parts of analytics. The decline in headcount is not a blip; India's core export, white-collar digital labour, is being disrupted. And the country does not seem prepared as we see problems in absorbing science and engineering talent newly entering the job market. Simultaneously, the manufacturing-led catch-up route is narrowing. For years, economists argued India could do what China did in the 1990s — turn industrial policy and export-led manufacturing into mass employment and structural transformation. But that ship has largely sailed. Countries such as Vietnam and Bangladesh have already captured the low-cost manufacturing space. Add to that rising automation and India's own infrastructure bottlenecks, the feasibility of China-style manufacturing resurgence diminishes rapidly. What, then, is India's pathway to sustained economic relevance? The answer lies upstream — in innovation, discovery science, and a smart, coordinated science, technology, and innovation (STI) policy. If India wants to be a rule-maker rather than a rule-taker in the AI-driven global economy, it must invest urgently in becoming a hub of knowledge creation, not just knowledge processing. This will only be achievable with a new national compact that starts from STEM but goes above and beyond embracing STEPS — an integration of STEM with policy and society. This means building a generation of technologists who understand not just how to build systems, but how those systems affect entrepreneurship, business model and scaling, ethics, governance, and inclusion. It also means reforming curricula to include data governance, AI ethics, climate-tech, innovation economics, and intellectual property policy. Finally, it also means urgent, mission mode requirement of an integrated, State-agnostic approach where we will see not just southern India having a head start in STEM and STEPS. The New Education Policy (NEP), 2020 provides some groundwork, but implementation must go further and deeper. From IITs to State universities, India will need a deliberate shift toward interdisciplinary innovation and doctoral-level research capacity. India's innovation-to-education pipeline is currently too weak to sustain a 21st century knowledge economy. And sadly in this, as noted above, manufacturing likely will not save India any more. The dream of becoming the 'next China' in manufacturing is now largely unrealistic. India's manufacturing sector contributes just 14-16% of the GDP — a figure that has barely budged in a decade. More worryingly, global manufacturing is undergoing its own AI-led transformation: smart factories, predictive maintenance, and robotic assembly lines are shrinking the need for cheap labour. Competing on cost is now a losing battle. Moreover, global supply chains are also realigning around strategic resilience and digital integration, not just wage arbitrage. India's challenge is not to attract the next garment factory but to build the next quantum computing lab or climate-resilient agri-tech platform. Which brings us to the question of how a Triple Helix approach might be India's best shot at future-readiness. To get there, India will need a clear National Science and Innovation Strategy underpinned by deep collaboration between government, industry, and academia. No single actor can deliver the transformation needed and increasingly the need of the hour will be science-based entrepreneurship and scientist entrepreneurs. It has been done before like by Vijay Chandru, inventor of Simputer and founder of Strand Genomics, also a former IISc Professor, but one Vijay Chandru is hardly enough for a country of 1.3 billion. Blue-sky science Government also must invest in blue-sky science, reform its R&D funding structures, and design enabling regulatory frameworks for frontier tech (AI, biotech, semiconductors, and so on). Universities must evolve into innovation hubs, not just exam factories. They must work closely with industry, build tech transfer offices, and reward risk-taking. Industry also must move beyond short-term returns and co-invest in long-horizon research, from chip design to synthetic biology refusing to accept modest productivity gains with a middling equilibrium mindset. Global lessons abound. The U.S.'s DARPA ecosystem, Germany's Fraunhofer Institutes, and Israel's Start-Up Nation playbook all demonstrate how strategic state support and institutional coordination can turn ideas into global advantage. India can build from their lessons, leverage on the current global geopolitical headwinds and create a national consciousness around science and innovation. It is not just investment in science that will matter, but investment in the science of innovation itself brings in a critical evaluation mindset for upgrading based on evidence. India lacks a coherent framework to measure what works: which R&D models yield translational success? How do tech incubators perform over time? Where does research funding leak or stagnate? A National Science of Science and Innovation Policy (NSIP) platform — a cross-ministerial, data-driven approach to governing the innovation ecosystem — could be a way forward. NITI Aayog's AI strategy and the recent National Research Foundation are steps in the right direction, but coordination and scale remain insufficient. This effort must include dedicated funding for AI safety, public interest technologies, twin transition policies and sovereign computational infrastructure. The stakes are high: if India does not develop its own AI stack, algorithms, chips, cloud, data protocol, it will remain captive to technological colonialism. Stagnation, inequality The fallout from the AI transition is not hypothetical as we see in the TCS situation mentioned above. If India does not invest in science, technology, and evidence-based policy today, it will face economic stagnation, rising inequality, and geopolitical irrelevance tomorrow. The global economy will not wait for India to catch up and in fact, catching-up economies are looking for the country's leadership in these areas. This is particularly concerning since already, a handful of countries — mostly in West and East Asia — are monopolising AI patents, funding, and talent. Without a deliberate national push, India will continue to supply coders to other nations' AI empires rather than building its own. The good news is that India has the ingredients: a young demographic, a robust start-up ecosystem, and scientific institutions with proven excellence. What we need now is leadership, vision, and a strategic shift in mindset — from cost to creativity, from services to science, from political populism to real performance. India can still leapfrog into the global innovation vanguard. But only if it recognises that science, technology, and smart policy are not luxuries — they are our last, best bet in the age of AI. The dragon is roaring already, will the elephant wake up? Chirantan Chatterjee is a Professor of Development Economics, Innovation and Global Health at the University of Sussex
The Hindu
2 days ago
- The Hindu
KAU-ABI opens Common Incubation Centre, launches farm exports to GCC
Kerala Agricultural University's (KAU) Agri-Business Incubator (ABI) has set a new benchmark with the inauguration of a state-of-the-art Common Incubation Centre and the flag-off of the country's first international agri export from a university-based agribusiness Incubator. The facility, established under the PM Formalisation of Micro Food Processing Enterprises (PMFME) scheme of the Ministry of Food Processing Industries (MoFPI), Government of India, was inaugurated on Tuesday (August 12, 2025) by P. Rajeeve, Minister for Law, Industries & Coir, and presided over by K. Rajan, Minister for Revenue. Equipped with modern processing lines for Kerala's traditional spices, rice, coconut, millets and fruits and vegetables, the new facility also houses laboratories for product quality analysis. It is designed to support entrepreneurs, start-ups, farmers, and students in developing, processing, and scaling value-added agricultural products. Highlighting the broader vision, Mr. Rajan said, 'The presence of such a business park and environment will enhance the entrepreneurial spirit of indigenous start-ups. The facility will also boost the processing and export of Kerala's local products.' Met PMFME targets In his inaugural address, Mr. Rajeeve said Kerala is among the few States to have met the PMFME scheme's expected targets. The programme is implemented in Kerala by the Kerala Bureau of Industrial Promotion (K-BIP) under the Department of Industries & Commerce, in partnership with KAU, with Centre–State funding shared in a 60:40 ratio. He added that the State government's upcoming plan to establish food parks in collaboration with universities will create further opportunities for innovation and growth in food processing. B. Ashok, Vice-Chancellor and Agricultural Production Commissioner of Kerala, said, 'Such common incubation facilities give entrepreneurs the space to test their ideas, gain market confidence, and connect with global buyers. This is a prime example of academia driving innovation, enterprise, and export growth.' K.N. Anith, director of research at KAU, stated that the Common Incubation Centre is poised to become a model for other States by integrating academic expertise with industrial infrastructure, in line with the National Education Policy (NEP), to boost value addition in the agri-food sector. The inaugural export – executed by M/s. Nouka Enterprises – features fruit-based beverages, cookies, honey-based products and ready-to-drink and ready-to-serve produce, bound for Gulf Cooperation Council (GCC) countries. This is the first time in India that products manufactured using an agri business incubator's facilities within a university have entered the export market, according to KAU sources. 'The facility's processing lines for coconut, spices, rice, fruits, vegetables, and millets, combined with advanced quality-control laboratories, are now fully operational and ready to support both domestic and export-focused enterprises,' said K.P. Sudheer, principal investigator, PMFME.
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Business Standard
2 days ago
- Business Standard
Jamia Millia Islamia starts admissions for distance and online programmes
The CDOE, Jamia Millia Islamia, has released the 2025-26 academic session prospectus and opened admissions for several distance and online mode programmes on the official website at Sonika Nitin Nimje New Delhi The Centre for Distance and Online Education (CDOE), Jamia Millia Islamia (JMI), has announced its Prospectus 2025-26 and opened admissions for a wide range of distance and online mode programmes. The prospectus was issued on August 8, 2025, signalling the commencement of the admission process for the following academic session. With its flexible learning programs, CDOE JMI currently provides services to more than 20,000 students throughout India. In front of M Moshahid Alam Rizvi, the dean of CDOE, and three prospect committee members, JMI's vice chancellor Mazhar Asif and registrar Md. Mahtab Alam Rizvi unveiled the Prospectus 2025–26. Jamia Millia Islamia Distance and online programs 2025 dates • Applications for ODL programs were open till August 31, 2024, for the 2024-25 academic year. • MBA Distance Program (August Session 2025): • Deadline of submission of Application forms: August 21, 2025. • Date of Entrance Test: August 24, 2025 (10-12 A.M.). • Declaration of Result: August 29, 2025. Jamia Millia Islamia 2025-26: Courses offered in distance and online mode 1. CDOE JMI has invited applications for popular postgraduate programmes, including: • MBA and MA in Human Resource Management • MA in Hindi, Urdu, English, Education, Geography, History, Islamic Studies, Political Science, Public Administration, Sociology, and Commerce. • Undergraduate courses include B.A., BBA, and BCIBF. 2. The Centre is also offering PG Diploma courses in Guidance and Counselling and Geo-informatics, along with seven Advanced Diplomas in: • Logistics and Supply Chain Management • Mass Media (Hindi) • Mass Media (Urdu) • Taxation • Public Policy and Governance • International Relations and Global Governance • Educational Media Production. Jamia Millia Islamia 2025-26: Expanding reach and NEP alignment In keeping with the objectives of the National Education Policy (NEP) 2020, Vice-Chancellor Prof. Mazhar Asif urged the CDOE to broaden its statewide learner support network. Prof. Md. Mahtab Alam Rizvi, registrar, promised unwavering support for expanding access for underserved populations and boosting student enrollment. In the past six months, two new Learning Support Centres have been established, seven new programs have been introduced, and the prospectus has been released on time thanks to the leadership of the JMI administration, according to Dean Prof. Moshahid Rizvi. With the launch of new courses and a broader outreach strategy, CDOE JMI confirms its goal of providing high-quality online and distant learning to students nationwide.
