Universitas 21 Global, which claims to integrate the Internet to deliver a world-class education experience for its global students will provide students with a global perspective and an opportunity to network with peers from around the world. This marks a paradigm shift from the brick-and-mortar education formula, says an official release.

While launching the online university for admission, Universitas 21 Global CEO Dr Mukesh Aghi said: "The university aims to capture a largely unmet market for higher education and will address an estimated US$111 billion global demand for higher education."

"With India fast emerging as a dynamic economy with increased focus on knowledge-based activities, there is a surge in demand for professionals who are in tune with modern business practices. In this scenario, professionals and students need to stay abreast with the latest in the world of business in order to remain competitive and relevant. Universitas 21 Global is all set to offer a relevant business education programme in India to help aspirants seeking an international business curriculum," Dr Aghi added.

A joint venture between Thomson Learning and Universitas 21, Universitas 21 Global is a consortium of 17 world-renowned universities. The Thomson Corporation (www.thomson.com), with 2002 revenues of US$7.8 billion, is a global leader in providing integrated information solutions to business and professional customers.

In 2002, five of Universitas 21's member universities were ranked among the top 20 MBA schools by Asia Inc, including the National University of Singapore, University of New South Wales, University of Queensland, University of Hong Kong and University of Melbourne. Other member universities are recognised as being among the top business schools ranked by The Financial Times, the Economist Intelligence Unit and The Wall Street Journal.