mangaluru in a reverse collaboration that signifies the growing internationalization of academic collaboration between australia and india macquarie university on tuesday inked an agreement with ta pai management institute tapmi manipal to set up a finance lab at its sydney headquarters prof mark gabbott executive dean faculty of business and economics macquarie university said the varsity plans to set up a similar finance lab for their students tapmi has research skills we want to tap into he said we were looking at institutions that are highly ranked and renowned more importantly we were looking at the faculty profile student strength and their aspirations we found tapmi to be a potential collaborator particularly in finance health and management said prof gabbott tapmi is one among the three aacsbaccredited institutions in india and the top tier of business schools in india a worldclass finance lab in association with bloomberg india was launched at tapmi in 2014 at rs 1 crore the trading lab is equipped with 16 bloomberg terminals and supported by data feed from bse and nse it gives students handson experience in investments and portfolio management forecasting risk management and understanding of global financial management this lab provides students the knowledge and insights into realtime market situations while bridging the gap between financial theory and practice macquarie university currently has about 300 indian students we would like to have more but our objective at this point of time is strategic partnership based on an integrated approach that includes student and staff mobility coursework exchange research training and academic collaboration he said he said that crossplatform programmes may come in the future we will take it slowly we believe there is plenty of opportunity for crossplatform programmes around finance and management he said while tapmi and macquarie university have finance and banking as common focus areas the latter has deep expertise in applied finance and insurance however we have a considerable gap in marketing and human resource management in relation to workforce planning and development we have a research centre looking at the health economy he said the university will also engage tapmi academic staff in joint research projects including a partnership that could result in a joint research partnership for phd students as well prof gabbott was accompanied by prof philomena leung associate dean international and corporate engagement macquarie university existing partners in india include iim ahmedabad xlri jamshedpur sp jain institute of management and research mumbai and imt ghaziabad this february the faculty delivered an executive training programme jointly with cafral professional development arm of rbi for 25 senior indian bankers at their sydney campus that allowed the faculty to showcase its unique strength in the area of applied finance