Entering into education sector is not a business; it is a way to say thanks to society.
This was stated by Sunil Kant Munjal, joint MD, Hero MotoCorp Limited, on Thursday after he announced the setting up of Brij Mohan Lal Munjal University with Imperial College of London as a mentor of the university.
Munjal, who is also chairman of Hero corporate services, is to open this university in Gurgaon. From July 2014, the university will be offering courses in management and engineering.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
Asked if it was one of his business ventures to enter into higher education, he said, “This is a no-profit venture for us and we don’t call it a business. Our fee structure is far less than any good management and engineering college of India. So we are not here to do business.”
He added, “Our family already has schools in Ludhiana and now we will be coming up with a university.”
The university will have courses in architecture, a law school and a school of liberal arts as well in the coming years.
On a number of industrial houses entering the education sector, Munjal said that government alone cannot fulfill the demand for education, so more and more industrialists must enter this sector.
“The number of illiterates in our country is much more now than it was in 1947. It is a mater of shame for us.”
In Punjab, Lovely Professional University, Aurobindo College of Commerce, Satpaul Mittal School and a few others are the ventures of industrial houses.
Asked why he chose to start this venture in Haryana and not in Punjab, Munjal said he was already chairman of Indian School of Business (ISB) at Mohali.
On his expansion plans in Punjab, he said that they had already started a factory in Punjab and as of now, they were focusing more on BMU.
University director Akshay Munjal said value education would be compulsory for all students of the varsity.