The fate of as many as 550 students hangs in the balance after Pune-based Tasmac Group closed its business school in London on Friday. The Group,along with the University of Wales,is holding a meeting on Monday with students,many of whom are from South East Asian and African nations. Some Indian students are there but their number could not be confirmed.
The students were told on Friday the school will be closed due to tightening of visa regulations by the United Kingdom Borders Agency (UKBA).
Sameer Dua,joint managing director of Tasmac and Tasmac London assured that the students need not panic as Tasmac Group as well as the University of Wales will make sure all students are placed in colleges affiliated with the university. UKBA has drastically changed regulations which has had a very severe impact on not only us but many more educational institutes. The Schiller International University,which had a London campus for close to 35 years shut down because of this problem, said Dua.
Dua said,Most of our students are from non-European countries. Many top MBA schools and private institutions have been badly hit. The UoW has taken it upon themselves to see that all students are placed in affiliated colleges. The existing students already have visas. The problem was with new students. We will make sure no student faces problems when it comes to placement and employment.