Thursday, September 19, 2013

Indian government’s decision to allow foreign universities to set-up their business in India

Garth Saloner, Dean, Stanford GSB
“In light of the tremendous demand for educated talent in India, this policy move is a step in the right direction. We believe India is an exceptional location for universities and graduate institutions to offer programs and courses with the goal of making an educational impact in India.

Stanford Graduate School of Business does not have plans to build bricks-and-mortar facilities in India at this time. However, in August we began teaching a nine-week certificate program called Stanford Ignite in Bangalore. We chose Bangalore as our first global location because of the culture of technology and high-potential people there who can make an impact in the world. This is the same program we started eight years ago at Stanford University. The program teaches non-business professionals about entrepreneurship and innovation. One of our goals is to leverage Stanford Ignite to connect hubs of entrepreneurship and innovation in Bangalore to other locations in India and beyond.

We are investing in the transfer of ideas, in making an impact on high-potential innovators and in educating change agents wherever they live. Technology has made it possible to deliver a highly-interactive, hands-on educational experience for our program participants in India. We augment that experience by having a small number of faculty teaching courses on the ground in Bangalore. This combination makes it possible for Stanford Graduate School of Business to leverage some of our best programs to educate leaders who can change the world.

We believe making an educational impact is a two-way experience in which we are learning from our participants as much as they are learning from us. We welcome any policy decisions that allow schools like Stanford Graduate School of Business the opportunity to learn from Indian entrepreneurs and take those perspectives back to our school.

We are committed to India in the long term. In the short term, we will be back next year.”

Statement from Garth Saloner, Philip H. Knight and Dean, Stanford Graduate School of Business on Indian government’s decision to allow foreign universities to set-up their business in India