Amaravati: He built the global IT hub of Hyderabad from the ground up, but lost it after Andhra Pradesh split. Not one to wallow over losses, Andhra Pradesh chief minister N Chandrababu Naidu is back to doing what he does best – building world-class institutions like the Indian School of Business (ISB), Hyderabad.
Naidu is now rolling up his sleeves to outdo the legacy that he left behind in Telangana and is busy drawing up a blueprint to set up a premier institute of excellence in the public private partnership mode to outshine ISB.
The institution is proposed to be set up in the Amaravati capital region over nearly 100 acres at a cost of 500 crore. For this, he plans to rope in the best of the best of the global academic world like the London School of Economics, Harvard Kennedy School, National University of Singapore as well as the University of Birmingham as well as the who’s who of the global corporate world. Various UN agencies, the World Bank, ADB and Bill & Melinda Gates Foundation are some of the other intended global partners for the project.
“The idea is that each of the 10 or more industry partners would contribute 50 crore under their CSR head and would be part of the governing board,” said former AP chief secretary SP Tucker, who has been appointed mentor of the proposed institute.
And Naidu has found the man for the job – Pramath Raj Sinha, founding dean of ISB and co-founder of Ashoka University.
“We approached Sinha and he has agreed to be our consultant and anchor the institute. We will be working out an arrangement soon,” said Tucker, who is also executive vice-chairman of AP Economic Development Board.
The institute would be modelled around ISB, but on a much larger scale and with a vision to include elimination of poverty and development of society as its objective.
“Our CM has the successful experience of bringing ISB to Hyderabad. We now plan to have this institute at Amaravati on a much bigger scale. We will be meeting the CM with ideas on courses and blueprint. He will take a call on how this institute will shape up,” Tucker said.
The institution of global scale would offer very refined MBAs with specializations in niche segments. “The institute will be an independent, non-partisan and non-profit organisation. It shall perform functions of consulting, primary and applied research, global annual discussion and learning forums, performance evaluation and monitoring and education that provides management skills to the government work force,” says the concept note with the theme – Crafting solutions for a sustainable future.
Describing it as Naidu’s brainchild, the CM’s advisor (communications) Parakala Prabhakar said: “The CM wanted a world class think-tank in our state to cater to the knowledge needs of governments and businesses of the country and that it should welcome some of the finest academicians and thinkers from across the globe.”
The institute’s activities would be in accordance with the State’s Sunrise Vision 2029 framework to transform AP into “a happy, inclusive and globally competitive society”.