MDI begins a new chapter in
management education
Announces campus at Murshidabad, West Bengal

Foundation stone laid by Shri Pranab Mukherjee, Hon'ble Union Minister of Finance, Govt. of India

Management Development Institute (MDI), one of India's premier B-schools, promoted by IFCI, has launched its Murshidabad campus. The foundation stone for the institute was laid today by Shri Pranab Mukherjee, Hon'ble Union Minister of Finance, Government of India at Jangipur, District Murshidabad, West Bengal.

Spread across 13 acres, the campus will be one of the most modern in the country, aimed at nurturing future professionals with a global outlook. Management Development Institute, Murshidabad will establish itself as a flourishing centre of excellence in management education, high quality research, executive development, and value added consultancy. In keeping with the traditions already in evidence at the MDI Gurgaon, best faculty from India and overseas, will deliver curriculum suited to local needs and national aspirations.

Speaking on the occasion, Mr Atul Kumar Rai, CEO & MD, IFCI and Chairman, Management Development Institute said," Management Development Institute (MDI), was set up in 1973 by IFCI, for the development of management education, as a part of its a mandate in augmenting creative capacities of the nation. Today MDI is synonymous with world class education and is widely recognized as a premier management institute. With IFCI as the promoting institution, MDI renews its commitment towards making quality management education accessible to one and all, with the setting up of the campus at Murshidabad today. The campus is part of MDI's vision to nurture & promote local talent and enterprise. MDI Murshidabad would seek to align local aspirations with up-to-date knowledge and technologies. "

The Murshidabad campus is a part of the upcoming mega Jangipur Food Park. Jangipur is a region with untapped potential, and owing to its strategic location, will be able to cater to not just students from eastern and north-eastern India, but shall also attract the best talent from the neighboring countries of Bhutan, Nepal and Bangladesh. The institute will develop internationally competitive human resources, equipped with quality education and industry exposure.

Like its other center in Gurgaon, the Murshidabad campus will be equipped with state-of-the-art technologically robust infrastructure that includes a fully Wi-Fi campus, auditoriums, resource centres and sports facilities. The spacious and scientifically designed Students' Village will accommodate nearly 400 students. The campus is being developed by IFCI's sister entity, IFCI Infrastructure Development Limited (IIDL), which is also developing large scale projects, including the proposed Financial City at Bangalore.

About MDI Gurgaon

MDI is one of the top B-Schools of India and it is known for academic excellence, high quality research, high end executive education and internationalization. It has the distinction of being the first internationally accredited Indian B-School by Association of MBA (AMBA) and by South Asian Quality Standards (SAQS). It has consistently been ranked amongst the top B schools in India in various surveys conducted by Open C-Fore, CSR-GHRDC, AIMA IMRB, Business India, Outlook and CNN IBN (All India). The institute had recently won the "Excellence in Education" award in 2009 instituted by the Indian Economic Development & Research Association in recognition to its contribution to the corporate sector. For more information visit

About IFCI Ltd

IFCI Ltd, the first Development Finance Institution of the country, was set up in 1948 to provide impetus to industrial development through medium and long-term finance. Today, besides providing long-term project-specific assistance, IFCI caters to the diverse needs of Indian and overseas organizations by providing a host of Advisory Services in the areas of Project Appraisal, Project Development, Risk Analysis, Credit Syndication, Placement Of Debt and Equity, Corporate Restructuring, Infrastructure and Legal Advisory.

Through a host of subsidiaries and associate organizations, IFCI has emerged as a major player providing comprehensive financial solutions ranging from Merchant Banking, Insurance Broking, Venture Capital, Depository Services, Factoring Services, Education, Real Estate, Asset Reconstruction and Securitization. For more information, please visit


Published on on June 13, 2011


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