The Shailesh J. Mehta Institute of Management,IIT Bombay signed a Memorandum of understanding with the School of Business and Economics, Loughborough University (SBE) on 16/5/2018. In order to promote cooperation the two institutions agree to encourage direct contact and mutually beneficial cooperation between their respective faculty, research institutes, departments and administrative staff. The initial area of collaboration will be through : - Visit and exchange by faculty members and research scholars.
- Joint research activities and joint supervision of research work.
- Exchange of students to enrol at the host institution for credit.
- Exchange of information including, but not limited, research publications of faculty members.
Themes of joint activities, condition for utilising the results achieved as well as arrangements for specific visits and exchanges of Faculty members and researchers shall be defined on case by case specific agreement.
The MoU involves sending of a maximum of two students for exchange with the other institute in an year, during which the students will be provided for their tuition and related costs, reports and statement of results(transcripts) and orientation program. They will have to bear the costs for their travel, living expenses and academic material. The agreement has been signed for 5 years but can be terminated early by mutual consent or by a 6 month notice by any of the institute.
Loughborough University (abbreviated as Lough for post-nominals) is a public research university in the market town of Loughborough, Leicestershire, in the East Midlands of England. It has been a university since 1966, but the institution dates back to 1909, when the then Loughborough Technical Institute began with a focus on skills and knowledge which would be directly applicable in the wider world. In March 2013, the university announced it had acquired the former broadcast centre at the Queen Elizabeth Olympic Park which opened as a second campus in 2015. It was a member of the 1994 Group until the group was dissolved in November 2013. The annual income of the institution for 2016–17 was £293.7 million of which £43.3 million was from research grants and contracts, with an expenditure of £272.1 million. Loughborough ranks particularly highly for engineering and technology and is noted for its sports-related courses and achievements. In 2013, the university won its seventh Queen's Anniversary Prize, awarded in recognition of its impact through research and skills development in High Value Manufacturing to create economic growth. The university is also rated five star for excellence by Quacquarelli Symonds through QS Star Scheme.