As an educational institute NIBS aimed at developing a three dimensional personality in its students, viz
❶ pursuit of knowledge
❷ Commitment to economic, social and cultural upliftment of masses and
❸ Cultivation of taste for literature, fine arts etc.
“The Institute stands for humanism and tolerance, for reason, for adventure of ideas and for the search of truth. It stands for the forward march of the human race towards even higher objectives. If the Institute discharges their duties adequately then it is well with the nation and the people With changing times and near dismantling of the Planning Commission in India, NIBS International along with IMI aims to reorient the NIBS course to the new realities of the Indian economic system while remaining committed to the basic philosophy of global humanism. In fact, while India unfortunately abandons principles of National Economic Planning, intellectuals around the world are waking up to the inevitable need for International Planning in the search of a more humane and sustainable society as man is becoming increasingly alienated from the society and violence – both internal and external – is becoming a trademark of the free market fiscal bottom line oriented driven system. Thus the need to re-focus on welfare concepts has actually acquired greater importance today. To make a happier and humane society, future entrepreneurs and managers need to understand not just concepts that are taught in traditional B-Schools around the globe, but also concepts of International Planning and Humanitarian Economics, which NIBS International aims to impart.
The NIBS course was conceptualized in 1998 keeping in mind the unfortunate fact that education in India till then had still remained primarily oriented towards the needs of the private sector and had overlooked the specific requirements of the public sector. We had even failed to do justice to the private sector in as much as we had not succeeded in impressing upon the students the basic framework within which the private sector had to operate in our country. The scope and role of the private sector in our country, in the context of national economic planning, was quite distinct from that of the private sector in the free market economies originally developed through colonial exploitation.
Problems of development of the private and the public sectors were, therefore, to be studied and analyzed carefully in the background of national economic planning. Otherwise, we would not be able to translate the laudable goals of plans into physical realities, however sophisticated the planning models may be.
The National Institute of Business Studies had thus set before it the twin tasks: to reorient education and research towards the needs of both the sectors and to establish the link between the national economic planning and the development of private enterprises in our country.
The National institute of Business Studies (NIBS), NIBS is an all-India Institute for higher education. The primary motive of NIBS is to “train young men and women able and eager to create and put into action such ideas, methods, techniques and information.
Over the years, NIBS has provided the highest quality Management & Technical education to students from all over India admitted on the basis of merit. Its graduates may be found throughout the world in all areas of engineering, science and commerce. NIBS symbolizes the maturing of Indian Management & Technical ability and “can-do” entrepreneurial spirit, especially as derived from the private sector.