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ICAI to open 1,000 CMA support centres by 2013

Posted on Dec 22, 11:45AM | UNI

The Institute of Cost Accountants of India (ICAI) is planning to set up 1,000 cost management accounting (CMA) support centres across the country where chapters are not there, by 2013.

"We are planning to open one centre in each district across the country and around 300 such centers are ready to be launched shortly at Rajasthan and Uttar Pradesh," ICAI President Rakesh Singh told reporters here today.

Ninety six centres were already existing and 20 more such centres would be established in Andhra Pradesh as part of expansion, he said, adding that there was a demand for one million CA professionals a year.

"Seeing the demand, we are setting up the CMA support centres and also planning to train 500,000 students in the next two years," he said.

The main objective of the centers will be to train students from rural, semi-urban, and Tier-III and Tier-IV cities, he said the centres will be opened through the help of various educational institutions and other eligible organisations and enable the students to get practical training in IT, taxation, corporate law and other areas.

ICAI had already introduced two more courses including business valuations and corporate restructuring and corporate treasury and risk management, he said.

The institute has its headquarters at Kolkata and functions through 4 regional councils, including Southern Regional Council at Chennai, 94 Chapters and six overseas centers while planning to open two more overseas centers at US and Europe, he added.