Business Standard: June, 2011
Kolkata: The Eastern Institute of Integrated Learning in Management (EIILM) has charted out a major expansion drive for the pharmaceutical management department and plans to open six campuses over the next two years.
EIILM has three campuses in Kolkata at present along with one campus each in Bangalore and Chandigarh, both of which were opened earlier this year.
“We are looking at opening three campuses minimum every year for the next two years at an investment of approximately ' 40 crore. The thrust over the year will be opening campuses in the north-east, the west and the south,” said Soumendra Bandopadhyay, Soumendra Bandopadhaya, founder director, EIILM.
Bandopadhaya said that every year 546 companies visited the campus and their was a major boom in the requirement for management graduates with a specialisation in the pharma industry.
“Depending of which statistic one considers, there are about 8250 pharmaceutical companies operating in India at present. Each one requires an average of 5 fresh graduates in a year,” Bandopadhaya explained the industry’s demand.
He also claimed that EIILM is the only institute in the country that offers an integrated management degree, both bachelors and masters in the field of pharmaceutical management.
“Indian pharma companies have been clamouring for a professional training institute to feed their requirement for trained pharma marketing personnel. The initial indication of the huge latent demand for multidisciplinary professionals by the pharma industry is a telltale sign, necessitating expansion,” he said.
Also, the institute is looking at increasing the intake of foreign students every year, on the back of the fact that it is the only institute in South Asia offering a specialisation programme in pharma management.
By 2012, Bandopadhyaya claimed, EIILM would have over 150 students from Nepal, Bangladesh, countries of Africa and the Arabic World, taking the foreign student ratio to 25 per cent of the total student intake.
On an average, while all students of EIILM find placement, the salary packages range between ' 3-5 lakh.