GMR & Leading International Business School Announce Plans For New World-Classs Campus In India

Hyderabad, 22nd April, 2010 :

The Schulich school of business to launch MBA and Executive Education Programs at ITS GMR campus in Hyderabad

GMR Group, one of the world’s leading infrastructure developers, and the Schulich School of Business of York University in Toronto, Canada, today announced that they have entered into an understanding to develop a Schulich campus in Hyderabad, India.

Schulich’s GMR Campus will be the first full-fledged campus of a major, top-ranked international business school in India. It will operate as a seamless extension of Schulich's Canadian campus, ensuring the same high quality of programmes, faculty and students. This new campus in India will significantly reduce the cost of international education for the student community, who will benefit from the lower cost of living in India.

The Schulich School of Business, which is a public, non-profit institution, will initially offer its two-year MBA programme to 120 students at the Hyderabad campus, along with Executive Education programmes. Under the agreement, Schulich will develop the learning environment and academic infrastructure while the GMR Group will provide the land and the physical campus. This campus will represent a substantial, long-term capital investment in “bricks and mortar” to provide a state-of-the-art setting for students, faculty, staff and executives. Subject to approval under the Foreign Educational Institutions Bill currently before the Indian Parliament and final approvals by the Boards of York University and the GMR Group, admissions would commence no later than 2013.

“GMR will bring its world-class infrastructure development skills to the table, while the Schulich School of Business will bring its expertise as one of the world's top-rated MBA programmes and Executive Education providers,” said V. Raghunathan, Chief Executive Officer, GMR Varalakshmi Foundation.

“The GMR Campus of the Schulich School of Business will be a mirror image of Schulich's Toronto campus, with first-rate facilities, international faculty, and an internationally-focused curriculum,” said Schulich Dean Dr. Dezsö J. Horváth. “We will attract the best and the brightest students from India and abroad and prepare them for global careers in India and elsewhere in the world.”

About GMR Group

GMR Group is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. The Company has successfully employed the public-private partnership model to build a portfolio of high quality assets. The Company has thirteen power projects of which three are operational and ten are under various stages of implementation and nine road projects, of which six are operational and three are under development. In the Airports sector, it has developed and commissioned the Greenfield International Airport at Hyderabad. The Group, besides operating and modernising the existing Delhi International Airport, has also constructed a brand new integrated terminal T3 which will be operational in July 2010. It has also built a new terminal, designed to handle 20 million passenger capacity, at the Istanbul Sabiha Gökçen International Airport in Turkey and is operating it successfully. The Group has also acquired a 50 percent stake in global power generation company InterGen NV, marking its foray into the global energy sector. Subsequently it acquired Intergen’s 100% ownership stake in Island Power – a Singapore based electrical utility. Additionally, the Group is committed to social development initiatives and executes these through its Corporate Social Responsibility arm, the GMR Varalakshmi Foundation (GMRVF).

For further information about GMR Group, visit www.gmrgroup.in/index.html

For further information on GMRVF, please visit www.gmrgroup.in/foundation.html

About The Schulich School of Business

Known as Canada’s Global Business School™, the Schulich School of Business in Toronto is ranked among the world’s leading business schools by a number of global surveys. Schulich’s MBA programme is ranked #1 in the world by the Aspen Institute (a Washington, DC-based leadership think tank) in a global survey that identified which schools are doing the best job of preparing future business leaders for the environmental, social and ethical complexities of modern-day business. Schulich’s MBA program is also ranked among the world’s leading schools by The Economist, Forbes and Expansión (a Time Warner publication based in Mexico City). The Kellogg global network of EMBA partner schools, which includes the Kellogg- Schulich EMBA, is ranked #1 in the world by The Wall Street Journal, and the Kellogg-Schulich EMBA is ranked #1 in Canada by the Financial Times of London. For complete ranking details, please visit www.schulich.yorku.ca.

Global, innovative and diverse, Schulich offers business programmes year-round at two Toronto campuses - its new state-of-the-art complex on York University’s main campus and its downtown Miles S. Nadal Management Centre located in the heart of the city’s financial district. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; and Moscow, Russia. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to careers in the private, public and nonprofit sectors, and has more than 22,000 alumni working in over 90 countries. Over the past twenty years, Schulich has steadily expanded its global footprint and has played a major role in setting up and running successful MBA programmes in China, Hungary and the Czech Republic. Last year, the School established a twinning arrangement with The S.P. Jain Institute of Management & Research in Mumbai to establish The Schulich MBA in India, the first MBA program to be delivered in the country by a leading international business school from outside India. The School pioneered Canada’s first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America’s first ever cross-border executive MBA degree, the Kellogg-Schulich Executive MBA. Schulich’s Executive Education Centre provides executive development programmes annually to more than 16,000 executives in Canada and abroad.

For further information about Schulich School of Business, visit www.schulich.yorku.ca.