Tatsat Chronicle Magazine

IIM Udaipur Becomes Knowledge Partner Of RIICO

November 16, 2022

Indian Institute of Management Udaipur (IIMU) has signed a ‘Memorandum of Understanding (MoU) with Rajasthan State Industrial Development & Investment Corporation Limited (RIICO)—a Government of Rajasthan undertaking. This MoU is to recognise IIMU as the knowledge partner for the FinTech Park. Prof. Ashok Banerjee, Director, IIM Udaipur and Shivprasad Nakate IAS, Managing Director, RIICO signed the MOU.

The Indian Institute of Management (IIM) Udaipur will prepare an extensive plan of innovative skill development training programmes for officials of RIICO (called Capacity Building Programs) and for the executives of companies that set up offices in FinTech Park. IIMU will also extend support in developing incubation facilities for FinTech startups at the FinTech Park.

Commenting on this collaboration, Prof. Ashok Banerjee, Director, IIM Udaipur, said, “IIM Udaipur, through this MoU, has demonstrated its willingness to work with the Government of Rajasthan to provide training to the officials of the state administration and employees of FinTech companies on emerging areas of digital technology. We would like to extend our support in other areas of mutual interests in the future.”

IIM Udaipur has a reputation for providing top-notch training for professional managers and leaders in both commercial enterprises and the public sector. IIMU is also known for its thought leadership in management through research and teaching methodologies.

IIM Udaipur will also offer curated long-duration online certificate programmes for new talent, undertaking sponsored research/projects on emerging areas, and holding short-duration face-to-face training programmes on soft skills for the executives in the FinTech Park, Jaipur. IIMU shall also advise and facilitate RIICO for activities/areas to cover in Fintech.

The students of the full-time one-year MBA in Digital Enterprise Management at IIMU will get access to placements in FinTech companies in FinTech Park, Jaipur, on mutually acceptable terms. IIMU shall assist RIICO in scrutinizing the proposal of land allotment to the developer and unit in Fintech Park as well as with investor outreach for Fintech Park. It will also extend necessary support to RIICO in developing incubation facilities and other infrastructure facilities in Fintech Park.