Kolkata, March 12 (IANS): The Indian Institute of Management-Calcutta (IIM-C) has received recognition by the Association of MBAs (AMBA) - the international authority on postgraduate business education, the institute said Wednesday.

The institute has been given accredited status for the Post Graduate Programme for Executives and Post Graduate Programme-Master in Business Management (PGP-MBM) courses by the AMBA for five years, according to IIM-C director Saibal Chattopadhyay.

"We are indeed happy to receive this recognition. It reaffirms our commitment to academic excellence and marks a significant step towards our journey to be regarded as a global leader in management education," Chattopadhyay said.

Andrew Main Wilson, AMBA's chief executive said: "We are both pleased and proud to confirm the receipt of IIM Calcutta's AMBA accreditation. AMBA accredits just one percent of the world's MBA business schools and IIM Calcutta's initial 5-year accreditation reflects the quality of their MBA programmes, faculty and students."

The IIM-C now joins the league of top B-schools across the world, including ESCP Europe Business School, Ashridge Business School (Hertfordshire, Britain), Reims Management School (Reims, France), Mannheim Business School (Manheim, Germany) and Imperial College Business School (London, Britain).