Hyderabad: ISB, ICWA sign MoU to explore new areas of expertise

Hyderabad: The Indian School of Business (ISB) and Indian Council of World Affairs (ICWA) have inked an MoU, on Tuesday to work in the areas of diplomacy, culture, economy and trade, education, international relations, sciences, social sciences, communications and the media.

The MoU was signed by Professor Rajendra Srivastava, Dean, Indian School of Business (ISB) and TCA Raghavan, Director General, Indian Council of World Affairs (ICWA). The declaration was made on Tuesday at a special programme organised on a virtual platform, wherein senior officials from ICWA, faculty and staff from ISB joined the session.

The MoU aims at promotion and support of activities that contribute to better understanding and relations between India and global partners; support exchange of visits by eminent persons; co-sponsoring of bilateral seminars, symposiums and panel discussions on regional and global issues of mutual interest, among other areas of cooperation.

Rajendra underlined the need for exploring new learning opportunities between business managers and diplomats. "With excellent human capital in place, India can make a much larger contribution to the global community", he highlighted. He also called on the need to tap India's diaspora potential, which is the 'soft power' to the global community. India can be a global health-care giver, he added.

He also said that "ISB and ICWA will soon set up a 'learning table' involving experts and stakeholders from industry, government and academia to discuss, deliberate opportunities, challenges affecting India and the global community". ISB looks forward to work with the diplomats around the world, he added.

Raghavan said that "ICWA's MoU with ISB will open new possibilities and collaborative research in the areas of international relations and promote synergies on various issues". By an Act of Parliament in 2001, the Indian Council of World Affairs was declared an institution of national importance, he added.