ABOUT PGDM

PGDM (General Management) is a two year full-time Programme approved & recognized by AICTE, New Delhi and DTE , Government of Maharashtra. The PGDM (General Management) at SFIMAR is a unique “Three Dimensional” Programme offering ‘Functional Specialization’, ‘Sectorial Specialization’ coupled with emphasis on transformational leadership. The PGDM Programme at SFIMAR emphasizes on practice-based and experiential learning.

Program Structure 2025 – 2027

Trimester

Theme

No. of Courses

Marks

Credits

1

Building Blocks of Management

9

700

22

2

Primer to Specialization

8

700

22

3

Nurturing Functional Specializations

10

800

22

4

Insights Into Sectorial Specializations

8

850

24

5

Transformational Leadership

9

750

24

6

Industry Integration

6

600

24

 

Total

50

4400

138

The PGDM shall consist of six trimesters spread over a period of two academic years. The broad indicative theme of each trimester and number of courses are:

*Note: The no. of courses in the above table includes Ability Enhancement course, Value Enhancement courses, project, field report, online certification courses, Extra and Co-curricular activities. The number of courses, marks and the credits allocated are indicative and subject to change as and when circumstances demand, so as to make Programme more contemporary.

BUILDING BLOCKS OF MANAGEMENT

A manager must possess a solid foundation in both the art and science of management. The courses offered in the first trimester are designed to establish these foundational principles. These core courses focus on strengthening the key aspects of management. Upon completing these foundational courses, students will be better prepared to tackle more advanced concepts in the upcoming trimesters. The courses outlined below are prerequisites for advancing to the subsequent trimester.

Sr. No.

Paper Type

Code

Subject Name

Credits

Marks

1

Core

1.1

Perspective Management

3

100

2

1.2

Financial Accounting

3

100

3

1.3

Managerial Economics

3

100

4

1.4

Legal Aspects of Business And Taxation

3

100

5

1.5

Organizational Behaviour

3

100

6

1.6

Business Communication

3

100

7

Language Lab

LL1

Cambridge English

2

50

8

IKS

IKS1

DLLE Activities

1

25

9

Ability Enhancement Course

AEC1

Outbound Training

1

25

   

Total

22

700

Note: One credit is equivalent to 15 hours of learning (including both in-classroom as well as off-classroom)

T R I M E S T E R 2:

PRIMER TO SPECIALIZATION

Trimester 2 introduces courses focused on various functional areas of management. These courses help students make informed decisions about which functional area they wish to specialize in, allowing them to enhance their knowledge and skills. A total of six courses are offered, each providing an overview of a different functional area.

Sr. No.

Paper Type

Code

Subject Name

Credits

Marks

1

Core

2.1

Marketing Management

3

100

2

2.2

Financial Management

3

100

3

2.3

Human Resource Management

3

100

4

2.4

Operations Management

3

100

5

2.5

Analytics With Excel

3

100

6

2.6

Quantitative Methods

3

100

7

Language Lab

LL2

French

2

50

8

IKS

IKS1

Domestic I.V.

2

50

   

Total

22

700

MAJOR SPECIALIZATION AND MINOR SPECIALIZATION – I

Sr. No.

Paper Type

Code

Subject Name

Credits

Marks

1

Core

3.1

Research Methodology

3

100

2

Major Specialization

3.2

Marketing1 /Finance 1 /Hr1/Business Analytics 1/Hospitality Management1/ Healthcare Management1

3

100

3

3.3

Marketing2/Finance2/HR2/Business

Analytics 2/Hospitality Management2/ Healthcare Management2

3

100

4

3.4

Marketing 3/ Finance 3/HR 3/Business

Analytics 3/Hospitality Management3/ Healthcare Management3

3

100

5

Minor Specialization

3.5

Minor Course 1

2

100

6

3.6

Minor Course 2

2

100

7

Value-Enhancement Course (VEC)

VEC1

Certification Course

2

50

8

IKS

IKS3

Society and Community Well-Being

1

25

9

Field Visit/ Model Development

 

Field Visit/ Model Development

1

25

10

Social Project

 

Social Project

2

100

   

Total

22

800

Note*: Minor specialization will be selected by the students from the given below list of sectorial specializations only. Students cannot choose minor papers from their respective major specialization

T R I M E S T E R 4:

MAJOR SPECIALIZATION AND MINOR SPECIALIZATION – II

Sr. No.

Paper Type

Code

Subject Name

Credits

Marks

1

Core

4.1

International Business

3

100

2

Major Specialization

4.2

Marketing 4 /Finance 4 /HR 4/Business Analytics 1/Hospitality Management 4 / Healthcare Management 4

3

100

3

4.3

Marketing5/Finance 5/HR 5 /Business

Analytics 5 /Hospitality Management 5/ Healthcare Management 5

3

100

4

4.4

Marketing 6/ Finance 6/HR 6/Business

Analytics 6/Hospitality Management 6/ Healthcare Management 6

3

100

5

Minor Specialization

4.5

Minor Course 1

2

100

6

4.6

Minor Course 2

2

100

7

Project

 

Project From Major Areas

6

200

8

Value-Enhancement Course (VEC)

VEC 2

Certification Course

2

50

   

Total

24

850

Note*: Minor specialization will be selected by the students from the given below list of sectorial specializations only. Students cannot choose minor papers from their respective major specialization

T R I M E S T E R 5:

TRANSFORMATIONAL LEADERSHIP

Sr. No.

Paper Type

Code

Subject Name

Credits

Marks

1

Core

5.1

Project Management

3

100

2

5.2

Strategic Management

3

100

3

Major Specialization

5.3

Marketing 7/Finance 7/HR 7/Business Analytics 7/Hospitality Management 7/ Healthcare Management 7

3

100

4

5.4

Marketing 8/Finance 8 /HR 8/Business Analytics 8/Hospitality Management 8/ Healthcare Management 8

3

100

5

5.5

Marketing 9 /Finance9/HR /Business Analytics 1/Hospitality Management 4/ Healthcare Management 4

3

100

6

Open Elective

OE1

Open Elective

2

50

7

Value-Enhancement Course (VEC)

VEC3

Certification Course

2

50

8

Ability Enhancement

AEC2

Ability Enhancement

2

50

9

Field Visit/ Model Development / Live Project

 

Field Visit/ Model Development / Live Project

3

100

   

Total

24

750

Note*: Any one open elective will be selected by the students from the given below list only.

T R I M E S T E R 6:

INDUSTRY INTEGRATION

Sr. No.

Code

Paper Type

Subject Name

Credits

Marks

1

6.1

Core

Business Environment & Ethics

3

100

2

6.2

Project

Capstone Project

12

200

3

ME1

NPTEL/ Coursera Courses

Major Specialization Areas (1 Course)

3

100

4

ME2

NPTEL/ Coursera Courses

Major Specialization Areas (1 Course)

3

100

5

CC

Co-Curriculum Activities

Minimum 2 Certificates

2

50

6

EC

Extra-Curriculum Activities

Minimum 2 Certificates

1

50

   

Total

24

600

LIST OF MAJOR SPECIALIZATION:

Sr.

Major

Trimester 3

Trimester 4

Trimester 5

1

Finance

Principles & Practice of Banking

Strategic Cost Management

Financial Analytics & Modeling

Financial Markets, Regulations & Products

Derivatives & Risk Management

International Finance

Security Analysis & Portfolio Management

Corporate Valuation & Mergers & Acquisition

Treasury &

Risk Management

2

Marketing

Sales & Distribution Management

Marketing Research

Marketing Analytics

Service Marketing

Consumer and Industrial Buying Behaviour

Digital Marketing

Product and Brand Management

Customer Relationship Management

Global Marketing

3

HR

Learning & Development

Competency-Based HR & Performance Management

HR Analytics

Compensations, Benefits & Reward System

Strategic HR Planning & HR Audit

Talent Management and Acquisition

Industrial Relations

Employment Laws

Organizational Design & Development

4

Business Analytics

Data Visualization with Power Bi & Tableau

Big Data Analytics

Machine Learning

Advanced Statistical Analysis

Python for Data Analysis

Data Visualization with Python

Database Management System

Data Science Using R

Business Application of AI

5

Healthcare Management

Healthcare & Hospital Administration

Healthcare Planning and Management

Hospital Operations Management

Hospital Accounting & Finance

Healthcare Project Management

Healthcare Quality & Risk Management

Hospital Supply Chain Management

Ethics & Legal Framework in Healthcare

Digital Health

6

Hospitality Management

Facility Planning Design & Management

CRM in Hospitality Service

Operations Management

Food & Beverage Mgnt. & Control

Hospitality Sales & Marketing

Event Planning & Production

Front Office Management

Managing Hospitality Human Resource

Facility Planning, Design & Management

LIST OF OPEN ELECTIVES

S. No.

Paper Type

Sectors

Subject Name

1

Open Elective

Marketing

Digital Marketing/ Social Media Marketing

2

Finance

Financial Planning & Wealth Management/ Sustainable Finance and ESG Investing/ Project & Infrastructure Finance/ Income Tax

3

Human Resource

Latest Trends In HR

4

Operations

Plant Design & Layout

5

Systems

Big Data Analytics

6

Business Analytics

Business Application of AI

7

Healthcare Management

Healthcare Leadership/ Healthcare Communication & Public Relations/ Health Insurance/ Transforming Healthcare

Business in IT/ Healthcare Entrepreneurship/ CRM in Healthcare

8

Hospitality Management

Brand Management

MINOR SPECIALIZATION – I & II

Sr. No.

Paper Type

Sectors

Trimester 3

Trimester 4

1

Minor

Advertising & Public Relations

Advertising & Account Management

Media Design & Planning

2

Public Relations Principles & Practice

Event Management

3

Banking

Mutual Fund & Alternative Investment

Fixed Income Securities

4

Cooperative Banking, Rural Banking & Non-Banking Financial Company

Behavioral Finance

5

Retail Management

Retail Management

Event Management

6

Supply Chain & Logistics Management

Financial Aspects of Marketing

7

Rural Infrastructure Management

Rural Development

Infrastructure Investment & Public-private Partnerships

8

Rural Infrastructure Planning & Execution

Environment & Disaster Management

9

Entrepreneurship

Entrepreneurial Perspective & Social Entrepreneurship

Marketing & HR Aspects of Entrepreneurship

10

Legal & Financial Aspects of Entrepreneurship

MSME & Family Business Management

11

Agri-Business

Agricultural Business Environment

Agricultural Export Management & International Trade

12

Infrastructure & Agri warehousing Management

Agripreneurship & Agribusiness Leadership

13

Data Analytics

Data Visualization with Power Bi & Tableau

Big Data Analytics

14

Database Management System

Python for Data Analysis

EVALUATION

The evaluation shall be done on the basis of Continuous Internal Evaluation in the form of assignments, presentations, field study reports, etc. that carries 50% weightage and Trimester End examinations carries rest 50% weightage.

S. N.

Particular

Internal Marks

Total Marks

1.

Trimester End Examination

 

50

2.

Internal Assessment Indicators

  

a) Active Participation in Discussion, Viva and Presentation

10

10

b) Active Participation in Class Assignments

10

10

c) Live Project/Field work/Model Development or any other project related activity

10

10

d) Mid-Term Test

10

10

e) Case Study, Role Play, Management Games, Article Review or any other

innovative pedagogy

10

10

  

Total

100

1. Functional and Sectoral focused electives provide comprehensive learning experience.

2. Project-Based Learning enables the student to develop intellectual and innovative abilities that help them to think pragmatically and act swiftly to implement application-based knowledge in problem-solving complex organizational issues.

3. The Mentoring process provides moral and emotional support to each student. Mentors assess mentee’s strengths and areas of growth, understand career development expectations, and support them to achieve the goal.

4. Regular industry interaction with experts drawn from industry brings knowledge related to contemporary developments in their respective fields.

5. International industry visit increases knowledge about Global firms and best management practices. In-bound field visit to best in class organizations foster the learning process through observation and obtain knowledge of excellent practices.

6. Industry ready and innovative subjects accompanied by the latest application-based software and tools enhance the employability of the student.

7. Blended pedagogy and classroom sessions offer substantive learning amongst peers.

8. Certification courses offered in collaboration with premier institutes and esteemed organizations.

9. Emphasis on leader-centric development and managerial competencies prepares the student to perform a leadership role in an organization from day one.

10.Industry Benchmark placement and summer internship with handsome stipend.

11. Highly affordable and subsidized fees provide the opportunity to students from diverse social compositions to benefit from the unique 3D PGDM Programme.

Our two-year Post-Graduate Diploma in Management (PGDM), is an innovative management programme consisting of 6 Trimester’s. It is duly approved by AICTE, New Delhi and DTE – Government of Maharashtra. The Three-Dimensional Programme incorporates ‘Functional Electives’, ‘Sectorial Electives’ and ‘Transformational Leadership’.

The Functional Electives offers areas like Finance, Marketing, HRM, Operations and Systems, Business Analytics, Hospitality management and Healthcare Management. Sectorial Electives covers Financial Markets, Banking, Retail Management, Advertising & Public Relations, Global Business, Entrepreneurship and Urban Infrastructure Management. The three-dimensional programme is developed and designed in synergy with industry and academic think-tanks and vouch for relevance and rigour in management education.

Enrolled students interact with companies for approximately 100 hours each year in the form of Industry Lecture Series, Field Visits, and, National and Overseas Industry Visit. This provides students the heightened cultural awareness and global perspectives they need. Such visits to various companies strengthen rapport with industry and enhances future employability in those organizations.

The Summer Internship offers Experiential Learning for the duration of 8 to 10 weeks and Extended Industry Immersion in the form of Industry-Based Project Work are one of the hallmarks of this programme. The Final Trimester reaffirms ‘learning by doing’, wherein students invest around 8 to 12 weeks that translates into 200 hours in the company.

Two Year Full Time Post Graduate Diploma in Management – PGDM (Approved by All India Council of Technical Education – AICTE & Directorate of Technical Education, Maharashtra)

Due to autonomy the curriculum of PGDM Programme can be updated regularly depending on the need in the Industry. Hence one can say that PGDM courses are more Industry relevant.

PGDM is a practical course and not an exam-oriented course, PGDM has a focus on building soft skills and is industry-oriented. It prepares you for the job market.

Since an autonomous institute/course does not have to follow university standards, it is free to change its curriculum according to industry standards and change in the business environment. Also PGDM gives you industry exposure.

PGDM will prepare graduates for senior level positions in industry and pave the way for a strong corporate career. Hence, if you’re looking for a career in the challenging area of management, you should go for PGDM

To systematically monitor the student’s progress in class, industry and field-work through continuous evaluation in place of the conventional evaluation system.

Students are evaluated continuously through assignments, case studies, role plays, project work, management games, class participation, and term paper in addition to the examination at the end of each trimester.

The purpose of this Policy and the associated procedures is to achieve coordinated and consistent examination practices across SFIMAR – PGDM.

The evaluation of courses shall be done on the basis of continuous Evaluation in the form of assignments, presentations, field study reports etc carrying 50% weightage and Trimester End examinations carrying weightage of 50%.

The programme adopts continuous assessment and evaluation to keep on engaging the student and trying to raise the bar from different approaches. To ensure quality of assessment, the various pedagogies adopted are discussed with the Functional Facilitator and the Programme Head. Following is the process adopted –

1. Preparation and monitoring of session plans. 2. Continuous Internal evaluation 3. Periodical Review of new pedagogies and existing pedagogies. 4. Feedback from the students 5. Arranging Special tutorial classes/lectures for weak students 6. Review of Teaching learning mechanisms in Academic Council Meetings 7. Conducting discussions with the Student Development Committee

The evaluation shall be done on the basis of Continuous Internal Evaluation in the form of assignments, presentations, field study reports, etc. that carries 50% weightage and Trimester End examinations carries rest 50% weightage.

S. N.

Particular

Internal Marks

Total Marks

1.

Trimester End Examination

 

50

2.

Internal Assessment Indicators

 

 

a) Active Participation in Discussion, Viva and Presentation

10

10

b) Active Participation in Class Assignments

10

10

c) Live Project/Field work/Model Development or any other project related activity

10

10

d) Mid-Term Test

10

10

e) Case Study, Role Play, Management Games, Article Review or any other

innovative pedagogy

10

10

 

 

 

Total

100

 

A. Trimester end examinations:

The evaluation of the students has been the integral part of the teaching-learning process. The assessment of the students will take into account the number of essential abilities such as quality of imagination, skilful application, problem solving skills and precise decision making in diverse business situations. The end term examination will evaluate the attainment of course outcome, thus identifying the programme level attainment and get the opportunity to analyse gap if any to formulate strategies for subsequent trimesters.

B. Internal Assessment

Class Test:

Class test is one of the components of internal evaluation, is held in class during trimester. It could be either theoretical or analytical or fully application-oriented, based on the nature of the subject and the discretion of the faculty. Class test carries 10 marks out of 50 marks pertaining to total internal evaluation.

Academic Assignments:

Faculty gives assignments as a part of continual evaluation. It is either an individual or group assignment. These assignments are meant to test the student’s cognitive ability of conceptual understanding and pragmatic problem-solving skills. These are to be submitted within the time specified by the faculty

Viva/Quiz:

This is assessment tool used to measure growth in knowledge, abilities, and/or skills. The Quiz is designed to evaluate student’s conceptual understanding and their skills acquired by them during the course of study. Quiz is generally conducted in an interactive classroom setting, seeking active participation by larger number of students and encouraging competitive spirit, mental alertness and initiative.

Project Based Learning:

To leverage advantages of this teaching learning method, our Institute initiated ‘Project Based learning approach’ in its pedagogy in the academic year 2016-2017. This approach was introduced at our Institute’s IDEA Meeting (Meeting of Innovation & Development for Excellence in Academics) at the beginning of the academic year. All the faculty members offered their valuable inputs concerning the strategy of ‘Project based learning’ evolvement, execution and evaluation-frame work. It was decided to implement Project based learning in all the specializations–Finance, Marketing, HR, Operations and IT for PGDM. The evaluation criteria were vividly mentioned in the session plan prepared in the beginning of the academic year and continuous evaluation was being carried out on periodic basis to monitor the project execution.

Case Analysis:

The case method assists students to identify typical business problems and to come up with a proposed solution in specific functional areas of management. In this exercise, it is expected that students will comprehend the business situation, analyse the problems, come up with solutions. A case can be evaluated either by faculty asking students to prepare a written report on a case or by faculty rating the student’s live discussion on a case.

Other Activities:

Apart from above mentioned tools other activities like management games, group discussion, debates, role play, team building activities, leadership activities, vocabulary building activities are adopted for holistic development of students.

a) Attendance is compulsory in all subjects. It should be impressed upon the students by the faculty that they should aim at 100% attendance. Leave of absence can be granted only by /Director/Programme Head on valid grounds of sickness or emergencies with the recommendation of class facilitators.

b) The students must maintain regular and punctual attendance in the classes. Record of attendance will be maintained by the academic office and the concerned faculty member. A minimum of 75% attendance in every subject is required for appearing in the examination. The status of attendance will be reviewed by the Programme Head every month and the defaulter’s list to be put up by the 5th of every month. All those defaulters will be required to submit an explanation with valid reasons and supporting documentary evidence in case the students require their absence to be regularized. The attendance status will also be placed before the Examination and Attendance Committee meetings that take place at regular intervals.

c) A student failing to have a minimum of 75% attendance for lectures and all other academic activities can also result in being debarred from the examination.

d) The students can obtain leave of absence from the Director/Programme Head only under the following circumstances: (Such approvals shall be passed on to the Registrar for records.)

• In case of emergencies.

• In case of sickness

(*Leave application on the grounds of sickness must be accompanied by a proper Medical Certificate from the Institutes approved Medical officer.)

• The same ratio shall be applied for computing the attendance of the students by crediting the number of periods which are missed while participating in an extracurricular/ co-curricular activity/ completion/ camp/ workshop/ convention/ symposium/ seminar etc. where the said learner is officially representing the college/ University/ District/ State/ Country with the permission of the Principal/ Director/ Head of the College/ Institute/ University Department or by the direction of the University Officer as the case may be wherein to compute the average attendance the periods missed for what is envisaged here-in-above, at Sr. No. 8.1, shall be deemed to have been attended by the said student.

e) The faculty member concerned will be free to adopt any measure, consistent with these regulations to regulate attendance, penalize for absence and ensure smooth and undisturbed learning in his/her class, and for proper evaluation of the students during the course. If a faculty member finds a student/students irregular in attendance or offensive in conduct etc. he/she can bring this to the notice of the Director/ Programme Head immediately. From time to time particulars of each students’ progress will be recorded.

f) Punctuality: Students should be punctual for lectures, events, guest lectures, and other academic activities. Students who report late for class and are not allowed by the respective faculty member to attend the lecture need to wait for the next class in IT Laboratory or Library. Moving around within the campus or outside campus when lectures are in progress is considered disorderly behavior and will be dealt with seriously.

Program Educational Objective (PEO) Statements

1. To impart knowledge of basic and advanced concepts of Business Management and application of their tools and techniques for local and global business practices.

2. To equip the students with techno-managerial skills and entrepreneurial skills to progress as business leaders and entrepreneurs.

3. To instill students on socially acceptable values and business ethics for developing responsible citizens.

Programme Outcomes

Sr. No

Programme Outcomes

PO1

Apply knowledge of management theories and practices to solve business problems.

PO2

Foster Analytical and critical thinking abilities for data-based decision making.

PO3

Ability to develop Value based Leadership ability.

PO4

Ability to understand, analyze and communicate global, economic, legal, and ethical aspects of business.

PO5

Ability to lead themselves and others in the achievement of organizational goals, contributing effectively to a team environment.

PO6

Develop research aptitude that fosters a culture of innovation among students.

PO7

Develop effective techno-managerial skills and competencies for nurturing future entrepreneurs.

PGDM CERTIFICATION PROGRAMMES

Along with PGDM Programme Institute also provides various Certification Programme. Following is the list of Certification Programme conducted –

All these certification programs are conducted by expert in particular field.

PGDM : 1st Year

No.    Topic

C-1    Graphics Training

C-2    Workshop on Good & Service Tax (GST)

C-3    French Language

C-4    Cambridge English Certification

C-5    Influential Communication Techniques (Spoken English)

C-6    Basic MS Excel Workshop

PGDM : 2nd Year

No.    Topic

C-7    Advance Excel Workshop HOD-CMC

C-8    Cerfcate in Alternate Invesment Industry

(CAII) HOD-CMC

C-9    HRMS & Process Automation

C-10  Digital Marketing

C-11  Data Visualization Workshop

C-12  Data Analytics

Pedagogy

The Pedagogical principles for teaching and learning at SFIMAR involves an engaging and challenging learning environment that stimulates the motivation for students to achieve their full potential for learning. Faculty creates the best learning environment by means of case study, role play, simulations, management games, movies based teaching and learning, encouraging acquisition of specific competence, reflexive and divergent thinking.

Students and faculty are collaborators and partners in the learning process. Learning at SFIMAR encourages students to actively participate and interact with the teacher and one another. Activities and feedback forms an important goal for increased interaction. Besides academic training, SFIMAR strongly focuses on social responsibility and sustainability based management education.

Institute Industry Interaction

Industry Visit for PGDM Batch of 2019-21 was conducted from 17th to 19th October, 2019. The places visited were Pune and Mahabaleshwar.

Students visited Parle Products, KNEST Aluminium Formwork Company, Mala’s fruit products along with sight visit to Table land & Parsi point, Panchgani Market, Mapro’s shopping outlet, Lingmala waterfall.

SFIMAR takes steps to prepare our students for a dynamic and international market by providing all these inputs that will make the participants self-actualized leaders achieve excellence consistent with educational and entrepreneurial best practices. They gain knowledge and experience through live projects, Industry-institute interaction, and students to industry interaction, and build up functional and managerial skills which are the best of the East and the West, with an everlasting quest for excellence. SFIMAR’s programmes thus integrate theory with practice.

Through our collaborations with International Universities for education partnership, our students understand how global businesses operate and gain cross-cultural advantages to succeed in a diverse and interdependent world. Through academic, social activities, and cultural visits, it broadens their horizons and global outlook in a big way as a value-addition with long-lasting advantages/benefits.

Through the interaction with foreign Universities, our students get opportunities for networking with their selected students and faculty in the long run. Following is the list of National and International collaboration of SFIMAR.

1. Signed MOU with Binary University, Malaysia

2. Signed MOU with DCM for digital Marketing Workshop

3. Signed MOU With Tata Institute For Social Sciences (TISS)

4. Designed a Study Abroad Programme, Ottawa University, USA

5. SFIMAR representatives and its students visited Assumption University, Thailand

6. Visited the National University of Singapore (NUS), Singapore

7. Visited Singapore chambers of commerce and industry (SCCI)

In a globalized world, developing global competence and connecting with global practices has become an indispensable phenomenon. For making our students and faculty aware of the global business perspectives, in 2017, SFIMAR, Mumbai, India has signed a Memorandum of Understanding with Binary.