Dear Colleagues,
AICTE is a government body, and SISI is also a government-run institute. One day, I saw the name of SISI on the list of institutes running without the approval of AICTE. Is it not a mockery for a government institute to not follow another governing body? If AICTE had any problem with Icfai running its courses without approval, it would publish it in the press or direct Icfai to seek recognition. However, neither has been done, nor has UGC accused Icfai of anything. When the highest authorities are not concerned or convinced about Icfai's operations, why should we worry?
There are 12,000 students pursuing MBA at Icfai in regular mode, and the placements among them are excellent. I mention this because my younger brother is studying at Icfai National College, and I am more concerned about the employability skills taught there than about UGC or AICTE. Icfai students have a proven track record of successful careers in companies such as ABN Amro Bank, Axis Bank, Britannia, and many more. If the employers providing placements are not concerned, why should we be? Government jobs typically rely on undergraduate degrees rather than MBAs.
Icfai already has seven universities in India and plans to establish ten more in the next five years. They have begun operations in Sri Lanka, are opening a university in Southern Australia in two years, and have future plans for Malaysia, Dubai, and the US. India, with a population of over 1.1 billion, has only 354 universities, which is a national shame compared to countries like the US and Japan. Private players like Icfai aim to provide employability skills along with an MBA, as there is a need for more universities in India.
Affiliation to a specific university is common in India, Sri Lanka, Bangladesh, Nepal, and Pakistan, unlike in the rest of the world. We trust the tea vendor for a ₹5 tea, travel in trains and buses for ₹50 entrusting our lives to strangers, so why not trust institutes like Icfai that have been in India for 25 years offering reputable educational programs like CFA? Belief is essential, without which we would perish.
Thanks and regards,
Santhosh Jacob