Education Minister Osman Faruk formally inaugurated the institution at a function, says a press release.

Among others, MH Rahman, chief executive officer of INTIMATE, Saadat Husain, former cabinet secretary, Mahbubur Rahman, president of International Chamber of Commerce-Bangladesh, Samson H Chowdhury, chairman of Square Group, and MA Momen, president of Dhaka Chamber of Commerce and Industry, attended the function.

The institute will focus on management and professional skill development training, research, study and consultancy, publication and dissemination of important news and views concerning national and international business and education offering professional certificate or diploma courses.