Indian Institute of Management, Raipur, has signed a Memorandum of Understanding ( MoU) with France-based Grenoble Ecole de Management for student and faculty exchange programmes, collaborative research projects and organisation of joint academic and scientific activities. The institutions will accept post-graduate students from each other, starting from academic year 2013-14. They will also exchange up to five students for a semester/term of study each academic year. No tuition fee will be charged by the partner or host institution.
Grenoble Ecole de Management has 10 sites abroad. They are based in China, Georgia, Lebanon, Morocco, Russia, Saudi Arabia, Singapore, Switzerland, the UK, and the US. The cooperation program aims to foster advancement in teaching, research, cultural understanding, as well as international reputations of both institutions through the exchange of postgraduate students, faculty members, and academic information and materials; the organisation of joint corporate training programs, joint research programs, joint conferences; and other academic exchanges that both institutions agree to. Grenoble Ecole de Management and IIM-Raipur will also exchange faculty members, which will create a base for the development of joint training programmes, formulating joint research projects, exchange of teaching materials, and so on.