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To put this to perspective, there is a vast amount of literature, in the form of Harvard Business Review caselets and articles, which are used in the B-schools across the world. Surprisingly, India's contribution to this repository is comparatively less.
This deficiency is now getting reduced, what with the development of literature from the Indian scenarios, which can be used in other countries of operations of these global universities and elsewhere.

The recent stake acquisition by Cambridge University Press, in one of the local publishing company, Foundation Books Private Limited, is aimed at serving just this cause.

Another positive fallout has been the interest the sector is generating among some big private venture capitalists. Vedanta Group's plan to set-up an almost 10,000 acre university of global standards, in the state of Orissa, is a case in point. An institute of such magnitude is bound to do a lot of good to the relatively backward state of Orissa.

Right Moves

These moves would help improve the quality of education with management students, gaining access to quality pedagogues of the likes of Ghemavats and Prahlads more often. This also creates a brand consistent with the image of the knowledge driven society that the country is enjoying currently.

However, such initiatives cannot be evaluated in isolation. Developments such as these are in the right earnest but a lot depends on the government's will. Speedy clearances for Indian Institutes of Management to tap the foreign markets, allowing the Oxfords and Cambridges to set foot in the country, a concrete plan to improve the primary education standards in the country and a desire to improve the infrastructure in the sector are the need of the hour.

Education has come full circle. India today, certainly looks poised to regain the glory from the bygone eras of Nalanda and Taxashilla.

Concluded.

* Contributed by -
Manish Purang (Campus Associate),
Student of One-year PGDM Course,
SPJIMR, Mumbai.