STOCK MARKET BSE NSE

70 pc IMU Seats Lying Vacant

Published: 13th September 2014 06:03 AM  |   Last Updated: 13th September 2014 06:03 AM   |  A+A-

COIMBATORE:  The courses offered by the Indian Maritime University (IMU) do not seem to be having many takers these days. Nearly 70 per cent seats for various UG courses in 2014-15 academic year are lying vacant.

The poor enrolment rate has affected the revenue earned by the university, IMU sources told Express. “The total sanctioned strength in IMU campuses in Chennai, Visakhapatnam, Cochin, Kandla and Karaikal apart from affiliated colleges in Chennai, Visakhapatnam, Kochi and Northern region is 2,057. Out of this, only 601 seats (29.21 per cent) have been filled. As many as 1,456 seats (70.78 pc) are vacant. This has resulted in a revenue loss of `11.25 crore in terms of fees,” a university official revealed.

“If we include the enrolment in IMU campuses in Mumbai and Kolkata, the loss will increase further. If the trend continues in the years to come, it will lead to a cash crunch,” he opined. The IMU, established in 2008, is offering courses in Nautical Science, Marine Engineering, Naval Architecture & Ocean Engineering, Ship Building and Repair, Maritime Science, Port and Shipping Management, International Transportation and Logistics and Maritime Law.

Meanwhile, IMU Vice Chancellor K Ashok Vardhan Shetty attributed the poor demand to global recession and subsequent sluggishness in the shipping industry.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp