Chandigarh, Nov 12 (UNI) The Punjab Government today signed an agreement to set up the prestigious Indian School of Business (ISB) in the Knowledge City in SAS Nagar (Mohali).
The agreement was signed by Secretary Higher Education Anjali Bhawra on behalf of the Punjab Government and Rajat Gupta on behalf of ISB along with four Founder Supporters Analjit Singh of Max India Ltd, Rakesh Bharti Mittal of Bharti Enterprises, Sunil K Munjal of Hero Corporate Services Ltd and Atul Punj of Punj Lloyd Ltd to establish this management institute of excellence at Mohali.
A spokesperson of the Punjab Government said that the Institute will be established under a unique model of Public-Private Partnership (PPP) whereby the State Government would be leasing out 70 acres of land in Knowledge City in Sector 81, Mohali for a period of 99 years at a rate of Re 1 per acre annually to ISB to establish its second campus. ISB has its first renowned campus at Hyderabad.
The Founder Supporters would be contributing a sum of Rs 50 crore each to make a total investment of Rs. 200 crore.
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