Hyderabad: Indian School of Business (ISB), Hyderabad, signed a Memorandum of Understanding (MoU) with the Ministry of Civil Aviation for conducting research to analyze the effect of the Regional Connectivity Scheme (RCS) on commercial air travel in the country.

As part of the MoU, ISB will conduct an in-depth analysis of RCS and prepare a case study that can be used in academic institutions and administrative training institutions for students of public policy.

The memorandum of understanding will be an extension of the socio-economic impact study of the UDAN scheme conducted by ISB on a pro-bono basis in 2020. The objective is to reflect on the background and structure of the RCS, analyze the effect of the scheme on commercial air travel infrastructure, and see, from a data-driven perspective, whether the scheme is fulfilling its stated objectives, ISB said in a release on Tuesday.

Joint Secretary at the Ministry Usha Padhee and Deputy Dean of ISB Milind Sohoni exchanged the MoU documents in the presence of Civil Aviation Minister Jyotiraditya M. Scindia at the UDAN Utsav held in Jharsuguda, Odisha.

A copy of the report prepared by ISB on the socio-economic impact of the RCS-UDAN scheme was presented to Minister, the B-school said.

In his speech, Scindia congratulated the Indian School of Business for bringing out this insightful report on UDAN and invited ISB to prepare a case study on this important initiative of the Ministry.

"UDAN is a rare experiment worldwide, and ISB is studying this to bring it into our classrooms for students to learn. The first phase of the study offered some excellent insights, and we are sure the next phase of our study will bring many new perspectives. ISB looks forward to working closely with the Ministry of Civil Aviation in its activities and initiatives," Professor Milind Sohoni said.

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