The proposed panel will have representatives of the industry and the prestigious Indian Institutes of Management (IIMs) apart from university academicians.

"The illustration for management institutes in the existing ad hoc faculty, which regulates these courses, is also being increased while a fresh effort will be made to have a full-time regular faculty for management courses," said Pune Universitycommittee member Parag Kalkar on Tuesday.

Officiating vice-chancellor Sanjay Chahande gave these assurances to the representatives of management institutes in the senate during a meeting held at his office on Tuesday. Apoorva Palkar, director of the Sinhgad Institute of management and Mahesh Abale, head of MBA department of MIT college of engineering, attended the meeting along with Kalkar.

The absence of a regular faculty for management studies in the Pune University was a major issue that led to an animated debate at the varsity's recent senate meeting. Chahande had then assured that apt steps would be taken to resolve the issue.

Apart from the flagship MBA programme, the Pune University offers courses in marketing management (MMM), personnel management (MPM), computer application(MCA), business studies (MBS) and post-graduate diploma in business management (PGDBM). Besides, it conducts year-long diploma courses in foreign trade, financial services, materials and logistic management and import-export management.

Kalkar said, "The syllabus for MCA course was revised three years ago and it is relatively well placed as all the seats are full. However, it is the MBA course where most institutes are worried considering the vacancy of seats. The MMM and MPM courses are not seen as very attractive going by the less number of takers."

Click here to get information on CCS University

"The VC sounded very positive about the syllabi revision exercise for MBA, MPM and MMM courses and even emphasised on a more rigorous course work for management students that can meet the industry's expectation," he added.