IIM Raipur and Hindustan Copper have signed a memorandum of understanding to collaborate on areas of talent and organisation development, research and case development.

IIM Raipur will undertake management development programmes, sponsored research, case development and writing, joint conferences and case competitions under the MoU.

"Training and development are extremely important for a sustainable growth. Not only does it help improve an organisation's competence, it also motivates people by giving them a sense of purpose," K D Diwan, Chairman and Managing Director of Hindustan Copper, said in a press statement.

He also announced that under the tie-up, the PSU shall institute awards for best doctoral proposal, best post graduate programme student, and best post graduate programme for working executives student.

The two organisations will hold competency development programmes for all levels of executives at Hindustan Copper. Some of these programmes include Advanced Management Programmes for Leadership Development, Senior Management Programmes, Management Development Programmes for Middle Management Level and Executive Development Programmes for others.

The company will also encourage its employees to take up higher education - Post Graduate Programme for Working Executives (PGPWE) and Executive Fellow (Doctoral) Programme in Management.

Under the agreement, Hindustan Copper shall also consider to institute a Chair Professor in the area of management.

The MoU was signed by B.S. Sahay, Director of IIM Raipur, and Diwan of Hindustan Copper.

Hindustan Copper is a public sector undertaking under the Ministry of Mines incorporated in 1967. It has four plants at Khetrinagar, Rajasthan; Ghatsila, Jharkhand; Malanjkhand, Madhya Pradesh; and Taloja, Maharashtra.

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