Deutsche Bank & TERI University Sign Agreement for MBA Scholarships

Deutsche Bank and TERI University today announced the launch of 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 fruitful 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. As policy makers and the government focus on creating new infrastructure projects, 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.?