The two world-class business schools have signed a memorandum of understanding to promote research collaborations, academic exchange and student mobility.
Cooperation between the two schools will be explored in academic research, doctoral research, coursework education at both levels, corporate engagement and in contributing to policy development in and for a post-COVID world.
The partnership is the University of Sydney Business School's first comprehensive partnership with India in the business and management fields and launched formally at a webinar yesterday.
Professor Whitwell speaking at the webinar on 9 June.
Dean of the University of Sydney Business School, Professor Greg Whitwell, said: "In the face of what seems an increasingly divided world since the outbreak of the COVID-19 pandemic, we must seize opportunities to deepen our partnerships with international institutions.
"Despite the challenges of distance, we are delighted to celebrate this new partnership with such a prestigious institution and look forward to many more collaborations with the Indian School of Business."
Professor Rajendra Srivastava, Dean of ISB, speaking on the webinar.
Professor Rajendra Srivastava, Dean of the Indian School of Business, said, "The need of the hour is to forge new academic partnerships that will enhance ISB's global insights and presence through the exchange of ideas and people.
"I am confident that ISB's comprehensive partnership with University of Sydney Business School will usher in new insights based on multidisciplinary research that will contribute to management thought leadership and in designing new trajectories in management education globally."
Among the planned joint initiatives is a dual master's degree, to be delivered both at the University of Sydney and Indian School of Business. Joint initiatives in executive education will also be a priority, as will doctoral student mobility and co-supervision.
Despite the challenges of distance, we are delighted to celebrate this new partnership with such a prestigious institution.
Both schools see international immersion as a core requirement for developing future-ready graduates. In 2019, the University of Sydney had the largest student mobility program in Australia.
Speaking at the event, Mr Brett Galt-Smith, Councillor (Education and Research) for the Australian High Commission in New Delhi, said that the partnership fits very well with India - Australia bilateral ties and portends well for both countries' economies. He said that India's new national education policy will go a long way to internationalisation education, bringing in more value to the educational set-up.
Ruchika Jain, First Secretary for Press Information & Culture at the High Commission of India in Canberra, said she hoped the partnership will facilitate new opportunities and interactions between both the countries.
