Xavier Institute of Management and Research (XIMR) Mumbai was established in
August 2006 as the newest member of the Jesuit institutions of higher learning in India that
includes XLRI, XIMB, and LIBA. We are located in the St. Xavier’s College Campus, Mumbai.
We offer the two-year, full-time, Master of Management Studies (MMS) in affiliation
with the University of Mumbai. We differentiate our course on the basis of a unique curriculum
that combines liberal arts with management education, providing a holistic global perspective
to our students.
Our core curriculum incorporates value-added courses such as International Relations,
Spanish, Comparative Religion, Philosophy, International Management, Cross Cultural
Character, Competence, Commitment are the three cornerstones on which the Xavier Institute of Management Research stands. Xavier Institute of Management and Research has always placed Jesuit values and ethics as the central component of management education.
XAVIER INSTITUTE OF MANAGEMENT AND RESEARCH IN ASSOCIATION WITH MAKERERE UNIVERSITY BUSINESS SCHOOL INAUGURATES THE
“CENTRE FOR AFRICA STUDIES”
ON THE 20TH JANUARY 2011
Africa accounts for almost 15 percent of the total world population. The vast mineral
and other natural resources, most of which are untapped, as well as 60 percent of the world’s
cultivable arable land provide immense growth opportunities for not just global markets but
also Africa itself. The continent has witnessed a significant improvement in political stability and
quality of governance along with economic growth which has been around 5 percent in the
India’s exports to Africa have grown at an annual CAGR of 20 percent since 1990, more
rapidly compared to China which grew at 16 percent, Brazil 13 percent, U.S.A. 7 percent, EU 6.5
percent, UK 4.5 percent and Japan 4.6 percent. The ministry of commerce and industry expects
the bilateral trade with Africa to double to $70 billion whereas the Associated Chambers of
Commerce and Industry of India expect the trade to surpass $150 billion. South Africa is the
primary trade partner in Africa accounting for one fifth of the total along with Kenya, Mauritius
and Tanzania accounting for a cumulated one third, Egypt at 16 percent and Nigeria at 12
India has extended more than $3 billion of concessional lines of credit to African
nations. During the 2009 India-Africa Business Partnership Summit in New Delhi, India
committed to make $5.4 billion in credit available over the next 5 years. In the same period,
India would also allocate $500 million for projects in higher and vocational education, science,
IT, agriculture and renewable energy. Indian investments in Africa are believed to be more
transparent and socially beneficial than the Chinese.
About 2 million people of Indian descent live in Africa; many of them run their own
businesses. India has a good reputation in Africa. Indian diaspora networks are strongest in
South Africa and East Africa (Kenya, Uganda and Tanzania), facilitating Indian Companies’
access to these markets. Most Indian companies in Africa acquire established businesses and
procure supplies from local and international markets, engaging in sales to private African
entities and encouraging local integration of their workforce.
In November 2009, the member states of the East African Community (EAC) - Burundi,
Kenya, Rwanda, Tanzania and Uganda signed a common market protocol aimed at expanding
the existing customs union to allow goods to freely move across the region. The bloc has an
estimated population of 126.2 million and a gross domestic product of at least $60 billion. It
aims to have a monetary union in 2012 to eventually transform into a political federation.
THE INDIAN ADVANTAGE
Indian companies are able to use their low cost domestic production and design bases
as strengths to extend their businesses operations.
Indian companies have a competitive advantage in certain technologies such as non
fading dyes that stand up to bright sun light which can be advantageous in Africa.
The ability to create low cost versions of products developed and marketed for the
poorer consumers at the bottom of the pyramid, which can be modified and adapted to
compete successfully in Africa.
Indian Companies can reduce the “costs of foreignness” by taking advantage of cultural
and institutional affinities between Africa and Asia that reduces the costs and risks of operating
in these countries.
OBJECTIVES OF THE CENTRE
The “Centre For Africa Studies” at XIMR aims to establish itself as an apex body of
academics and culture with realism to develop courses and research that will lead to an
understanding and appreciation of African business environment and context, for students and
The centre will have strategic focus on the emerging regions of Africa. We believe the
Indian Multinationals will have location-based and company-based strategic advantage in these
The centre aims to serve as a bridge between the people and cultures of India and
Africa, and contribute to the economic and social development of both. This is possible on
account of the cultural similarities with Africa in terms of shared administrative language and
colonial heritage. Also, administrative similarities in terms of institutional structure will help
reduce the “cost of foreignness” for Indian companies.
The Centre for Africa Studies will carry out in-depth cultural, social and marketing
analysis of Africa with a General Management perspective. Immersion studies will be an
integral part of the pedagogy for students and corporate members. The centre will launch:
- Certificate Programs
- In-company tailored programs for corporate professionals in due course.
Finally the “Centre For Africa Studies” aims to support India’s strategic focus on Africa as
a part of its foreign policy.