Updated on: Friday, July 24, 2015
A Singapore-based educational institution will launch its campus in India through a joint venture with an investment of over Rs 46 crore to offer diploma and masters in the field of business and management.
Management Development educational Institution of Singapore (MDIS) will establish the university campus in Chennai with the collaboration of India's Vels Institute of Science, Technology and Advanced Studies Institution.
MDIS said that first admission of the students will be started from October to pursue a variety of programmes from diploma to masters in the field of business and management. Progressively, more programmes will be added next year.
Construction on the 10 million Singapore Dollar (46.69 crore) 70,000 sq ft campus in Chennai will begin in July next year.
"Singapore's education has a stellar reputation not just in the region, but globally. There is demand from students from around the world to pursue programmes with the Singapore brand educational institution, evident from the vast number of countries that students at MDIS in Singapore come from," said Dr R Theyvendran, Secretary-General of MDIS.
"Our existing two overseas educational campuses are doing well and is a further testament of the Singapore brand. This is the reason why we are taking bold steps and investing in this third overseas campus in India. We hope to fly the Singapore name high in these markets," he said in a statement.
The Chennai University will be the third overseas campus for the Singapore-based private educational institution. MDIS educational institution has campuses in Malaysia and Tashkent.