New Delhi: TERI University in collaboration with the Deutsche Bank has launched Deutsche Bank Scholarship for the MBA (Infrastructure) programme.

A Memorandum of Understanding (MoU) to this effect was signed by Dr. R.K. Pachauri, the Chancellor, TERI University and Mr. Caio Koch-Weser, Vice Chairman, Deutsche Bank Group today.

The MoU was signed in the presence of Mr. Shrinath Bolloju, Chief Operating Officer, Deutsche Bank, Mr. B. K. Chaturvedi, Member, Planning Commission and Group Captain Rajiv Seth, Registrar, TERI University

Under this MoU, three Deutsche Bank Scholarships will be provided per year for the MBA (Infrastructure) programme, for a period of three years, with each scholarship being for a maximum period of two years.

Speaking on the importance of such specialized courses, Dr. R.K. Pachauri, said, "TERI University is a unique institution which is focusing on the challenges that humanity is facing today and would continue to face in the future particularly in respect of unsustainable use of natural resources. Against that background we are pleased and proud to receive support from Deutsche Bank. We believe the graduates of the TERI University who benefit from support being provided by Deutsche Bank will help take the world towards a sustainable future."

Commenting on the partnership, Mr. Caio Koch-Weser said, "I am delighted that Deutsche Bank has joined hands with TERI. This relationship will spawn new ideas and creative solutions to meet the infrastructure and environmental challenges facing India. I am confident of a long lasting and lucrative relationship ahead."

Mr. Gunit Chadha, Managing Director and CEO, Deutsche Bank, India, said, "In partnering with TERI, Deutsche Bank would like to reiterate its commitment in nurturing and financing world class infrastructure projects in India. I believe the combined strengths of TERI and Deutsche Bank will contribute significantly to this process and that the graduates from the TERI University will play a vital role in this national endeavour."

The MBA (Infrastructure) programme has been designed to create a cadre of professionals who have a sound understanding of the technical, policy, legal, financial, social and environmental dimensions of large infrastructure projects.

The aim is to achieve a critical mass of expertise and academic excellence that would provide a basis for influencing public policy and regulatory practice and for developing effective management practices in infrastructure industries through research and teaching.

The programme encompasses a comprehensive and well-structured two-year curriculum to enable students to formulate, analyze and evaluate regulatory policies and manage alternative regulatory regimes in the best interests of their businesses.

The curriculum is designed specifically to provide specialized training in the concepts and skills involved in the regulatory process and competition policy, as well as helping the scholars understand regulation from technical, economic, social, legal and political perspectives.