The Icfai University has entered a memorandum of understanding (MoU) with the state of South Australia to set up its campus at Adelaide.According to its web site, ICFAI University is made up of separate universities sponsored by the Institute of Chartered Financial Analysts of India. These are located in Uttarakhand, Tripura, Sikkim, Meghalaya, Mizoram, Nagaland and Jharkhand and each is a separate university under Indian law. This could make the administration of students in Adelaide quite complex.
Initially, the university is planning to launch postgraduate management programmes in a leased space in Adelaide this year before setting up a full-fledged campus with other courses over a period.
The MoU was signed by the visiting South Australia premier Mike Rann and Icfai University chairman Subhash Sarnikar here on Saturday. ...
.... The students would spend a year in the Icfai campus in Adelaide and the second year at an existing university.
In the process, they get degrees or diplomas from both the universities ...
From: Icfai to set up campus in South Australia, BS Reporter, Business Standard Ltd, Hyderabad, March 17, 2008
ICFAI University offer Flexible Learning Programs, up to the Masters level, inlcuding in new areas, such as Cyber Law. Flexible Learning could offer an interesting challenge to Australian universities with traditional modes of teaching and traditional course content.
The web sites for the Nagaland and Jharkhand universities do not appear to have been established yet.
According to the Wikipedia there is a legal dispute in India and USA involving ICFAI over the use the term Chartered Financial Analyst (CFA).