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University of Petroleum & Energy Studies Contributing to the India Infrastructure Story
by
Ananya Srivastava
While India has the potential to emerge as one of the key growth engines of the 21st century, its economic goals have a very large infrastructure deficit. Highways, modern bridges, world-class airports, reliable power, and clean water are in desperately short supply. “India has underinvested in infrastructure for 60 years, and we’re behind what we need by 10 to 12 years,” says T.V. Mohandas Pai, director of human resources for Infosys, in a Business Week article.
Lack of adequate infrastructure has a cascading effect on a number of industrial activities and affects foreign investments that a country like India desperately needs if it is to realize its potential as a leading global economy. Quoting Infosys Chairman N.R. Narayana Murthy from the same article: “If our infrastructure gets delayed, our economic development, job creation, and foreign investment get delayed. Our economic agenda gets delayed if not derailed.”
Seized of this matter, the Government of India has planned major initiatives in developing the country s infrastructure permitting public-private partnerships where the government and companies share costs, risks, and rewards. According to Prime Minister Dr. Manmohan Singh, India’s infrastructure and transportation sectors require nearly $400 billion USD investment over the next 7-8 years to develop a world-class infrastructure that is so critical to meet India’s growth targets.
India s power sector will offer investment opportunities in excess of around US $ 500 billion over the next decade. Initiatives such as the Electricity Act 2003, Accelerated Power Development Reform Programme (APDRP) and Ultra Mega Power Projects (UMPPs, with annual capacity of 4 GW each) by the Ministry of Power augur well in terms of opportunities for corporates focussed on this sector.
With this massive thrust to infrastructure projects, every sector in the infrastructure domain Oil & Gas, Power, Shipping, Logistics and Aviation is projecting a demand supply gap of professionals at all levels, running into a few thousand professionals over the next decade.
Realizing the need to move away from the one size fits all education model, University of Petroleum & Energy Studies was conceived around the turn of the century with a dedicated focus on developing technical and managerial talent for the core sector domains.
About University of Petroleum & Energy Studies (UPES)
University of Petroleum & Energy Studies addresses critical imperatives aimed at India s economic growth core sector development and industry aligned education. Established at Dehradun through an act by the State Legislature of Uttarakhand in the year 2003, University of Petroleum & Energy Studies (UPES) is India’s First Energy University and Asia’s first and only Energy & Core Sector University.
UPES undergraduate and postgraduate programs are focused on some fast emerging infrastructure domains, thus offering career opportunities to youngsters keen on participating in the India growth story for the next 20 to 30 years. Academic courses at UPES have been developed with practical inputs from senior professionals in the various core sector domains and leading academicians with a proven track record.
Accordingly, UPES offers over 35 graduate, post graduate and doctoral programs to more than 3900 students in the high growth sectors of Oil & Gas, Power, Aviation, Shipping, Automotive, Infrastructure, Logistics & Supply Chain and in Information Technology, Electronics and Legal Studies. Students can undertake studies in these domains through three academic streams College of Engineering Studies, College of Management and Economic Studies and College of Legal Studies.
The UPES MBA programs realize the industry requirement of young managers equipped to handle managerial demands specific to the core sector.
UPES A world-class Institution with a global outlook
In UPES, we have created an academic institution with a global vision. UPES endeavours to create well rounded, complete professionals who can take rightful place as future corporate leaders. The UPES campus, located in sylvan valley of Pondha on the outskirts of Dehradun with an outstanding backdrop of lower Himalayas, provides a stimulating environment conducive to academic, personal and professional growth.
The massive 27 acre campus is Wi-Fi enabled with the state-of-the-art infrastructure including smart multimedia enabled classrooms, a new age learning resource centre with an e-enabled student teacher interaction based learning management system, super specialised labs, well-stocked libraries, a highly advanced computer lab, well equipped gym, excellent canteens and hostel facilities.
(UPES) University of Petroleum & Energy Studies addresses critical imperatives aimed at India s economic growth core sector development and industry aligned education. Established at Dehradun through an act by the State Legislature of Uttarakhand in the year 2003, University of Petroleum & Energy Studies (UPES) is India’s First Energy University and Asia’s first and only Energy & Core Sector University.
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