The MIT Sloan School of Management (SSM), one of the five schools of Massachusetts Institute of Technology (US), will be an associate school of the Indian School of Business for its upcoming campus at Mohali near Chandigarh.
The Mohali campus would be ready in two years and the first batch of admissions are likely to happen from 2012.
ISB had been ranked in the top 12 B-schools globally by the Financial Times. Dean Ajit Rangnekar announced the MIT Sloan news in the presence of David Schmittlein, his counterpart at the latter. The new alliance of ISB coincides with the graduation ceremony of Class 2010 on Saturday.
Rangnekar said the ISB would also set up the BML Munjal Institute for Manufacturing Excellence and Innovation and the Punj Lloyd Institute for Infrastructure Management at Mohali.
SSM joins the leagues of The Wharton School, The Kellogg School of Management and London Business School (LBS), with which ISB has partnered for several years.
Rangnekar told journalists the association with MIT would give an impetus to research, particularly in management and infrastructure. There would be no financial commitment on either side and the alliance would help the two B-schools to be focused on research and promote faculty and student exchange programmes, he said. MIT, as an associate school of ISB, would have a role in curriculum development and faculty support.