IIPM not shutting down, only changing model: Arindam Chaudhuri

New Delhi, July 3: Indian Institute of Planning and Management (IIPM) founder Arindam Chaudhuri on Friday denied the educational institution was closing down and said it had only changed its model to enter into technical collaboration of knowledge-sharing with various institutions in India as IIPM 2.0.

"IIPM 2.0 is a new initiative where any institute can tie up with us by sending an application for knowledge partnership. Then our faculty will teach students our five specialty courses -- economics, business strategy, leadership, entrepreneurship and personality development," Chaudhuri told IANS, adding he had announced about the initiative in May 2014.

He added that IIPM would only collaborate with other institutes once it is satisfied with the other courses being taught at the said institutes, which would call themselves IIPM Centre for Excellence.

He said that this would reduce costs of running campuses.

The institute's website stated that all IIPM campuses now only had old students and these campuses were being shut down as and when old batches finish their courses.

IANS