The Indian Institute of Management Jammu signed a Memorandum of Understanding (MoU) with The Institute of Cost Accountants of India (ICMAI) on 17th September 2025 at the Boardroom, IIM Jammu’s Jagti Campus. The collaboration marks a significant step toward fostering excellence in management education, research, training, and professional development.

The MoU signing ceremony was graced by Prof. B. S. Sahay, Director, IIM Jammu; CMA Shri Navneet Kumar Jain, Council Member, ICMAI; and CMA Dr. Debaprosanna Nandy, Secretary (Officiating), ICMAI, Shri Rajesh Talwar, Director Finance, Department of Law, Justice and Parliamentary Affairs,  Govt. of Jammu and Kashmir. 

The MoU was formally signed by Cmdr. Kesavan Baskkaran (R), Chief Administrative Officer (CAO) IIM Jammu, and CMA Dr. Debaprosanna Nandy, Secretary (Officiating), ICMAI, on 17th Sept 2025 in presence of senior officials of IIM Jammu and ICMAI.  

Also present were senior faculty members of IIM Jammu, including Prof. Jabir Ali, Dean, Faculty and Research; Prof. Sanjeev Pathak, Chairperson, Executive Education and Consultancy; Prof. Rajesh Sikka, Co-Chairperson, Executive Education & Consultancy; Prof. Shyam Narayan Lal, Chairperson, Media and Publication ik Division and Anandam; Prof. Sanjay Gupta, Co-Chairperson, Placements;  Dr. Vinod Durge, Chairperson, Alumni Relations; Dr. Ateeque Shaikh, Chairperson, Research and Publications; Dr. Rambalak Yadav, Chairperson, Doctoral Program;  Dr. Praveen Kumar, Assistant Professor; CA Rajat Jain, FA-CAO, and Cmdr. Kesavan Baskkaran, Chief Administrative Officer, IIM Jammu.

The MoU outlines a framework of cooperation between the two premier institutions, enabling them to jointly design and deliver Management Development Programmes (MDPs), Specialized Training Programmes, Executive Education, and Faculty Development Programmes. It further paves the way for knowledge exchange through research collaborations, joint seminars, conferences, workshops, curriculum development, and academic resource sharing.

Prof. B.S. Sahay, Director, IIM Jammu, emphasized that the MoU with the Institute of Cost Accountants of India reflects IIM Jammu’s broader vision of building an ecosystem rooted in academic excellence, research-driven innovation, and impactful executive education. He observed that the collaboration would not only strengthen the academic and research linkages between the two institutions but also create a platform for nurturing professionals and leaders with the right knowledge, values, and skills to address the emerging challenges of a fast-changing economy. He further underlined that initiatives under this MoU will bring long-term benefits to students, industry professionals, and society at large.

CMA Shri Navneet Kumar Jain, Council Member, ICMAI, observed that the MoU represents a strategic step in advancing professional education and preparing future-ready talent in cost and management accounting. He elaborated that by sharing academic resources, research insights, and specialized training methodologies, the collaboration would help bridge critical skill gaps in the profession. He further emphasized that the partnership would enable professionals to stay ahead in a rapidly evolving business environment, promote efficiency and innovation in industry practices, and foster a culture of continuous learning and development across sectors.

CMA Dr. Debaprosanna Nandy, Secretary (Officiating), ICMAI, remarked that ICMAI views this MoU as a milestone in advancing its mission of professional development and knowledge dissemination. He pointed out that the collaboration with IIM Jammu, an institution of national importance, would enable both institutions to pool their strengths for designing contemporary training and development programs. He stressed that these initiatives would benefit not only cost and management professionals but also a wider segment of students, executives, and corporate leaders, ensuring a positive impact across sectors.

Prof. Jabir Ali, Dean, Faculty and Research, IIM Jammu, highlighted that the partnership would strengthen the Institute’s research ecosystem, enrich curriculum design, and create new opportunities for innovation. He emphasized that such collaborations are crucial for aligning academic learning with industry practices, thereby producing graduates who are better prepared to contribute effectively to organizations and society.

The MoU is designed to support joint initiatives in areas of mutual interest, including research projects, faculty exchange, and access to shared academic resources. This partnership underscores IIM Jammu’s vision of becoming a globally recognized management institute and ICMAI’s role as the statutory body responsible for developing and regulating the profession of cost accountancy in India