Tasmac London, a management and communication institute which recently shut down has now offered its Indian students to study in their campuses in India. One of the official of the institute claimed that the stringent policies could be recessionary measures taken by the government. The institute was going through bad business as while it had the capacity of 1200 students, only half of them were studying at their campuses there.
Tasmac London was actually set up by a Pune based management institute, Tasmac Education. Other than Pune, Tasmac Education also runs institutes in Kolkata and Bengaluru. The first overseas campus of training and Advanced Studies in Management and Communication (Tasmac) Limited was set up in 2002 in London.
According to the institute’s owners, the new visa policies set up by the UK Border Agency seems to have forced them to shut shop as their business was largely affected.
After the institute suddenly closed down its both the campuses in London and announced itself bankrupt, around 150-200 Indian students out of a total of 500 students are left in a dodge. The students were waiting for their results while they received mails from the institutes.
"We are in talks with a couple of institutes affiliated to the University of Wales, which have agreed to accommodate our students. We are trying to figure out how the fee aspect would be settled. Also, the university will send an email to all Indian students, inviting them to study in our Indian campuses. These students will not be charged anything. But we will not be able to help students who wish to apply outside University of Wales," said, the joint managing director of Tasmac, based in Pune, Prashant Dua.
The courses offered by the institute were B.A (honours) and a 16 month MBA programme. The fees of these programmes were Rs. 12 lakh and Rs 6 lakh respectively. Dua, further continued by saying, “The new visa policies are not getting us enough students. It could be recessionary measures taken by the government. The discontinuation of the poststudy work visa and also the new rule that does not allow students studying in private institutes to work part-time have affected the number of students applying to our institutes . Many private institutes have suffered due to the policy. We are unable to raise funds."
According to a spokesperson of Ministry of External Affairs (MEA), Vishnu Prakash, “The Indian High Commission is in touch with Tasmac officials, who have conveyed that they are working with the University of Wales to transfer the students to other institutes. The IHC officials have also visited the campus and plan to meet the UK Border Agency soon. They have asked students to get in touch with the commission's office for assistance . However, none of the students have contacted yet." MEA is trying its best so that Indian students do not feel any inconvenience.