Kolkata: Nobel laureates, management gurus, business leaders, academicians and dignitaries from various walks of life will meet next year at the campus of the Indian Institute of Management, Calcutta (IIM-C) for a global management conference.

The first of its kind two-day conference in the country will discuss various issues and challenges of emerging and developing economies like India and China at the IIM-C's campus in January 2013.

Prof Ashok Banerjee, Dean (External Relations) of the institute told PTI that the project would be funded by the Union Ministry of Human Resource Development which had requested them to take the lead in organizing an international-level management conference.

All the other 12 IIMs are also taking part in organizing the conference, "Which will do for IIMs and Indian management schools what the Literature Festival at Jaipur has done for Indian writing," said the Institute's Chairman of Board of Governors, Ajit Balakrishnan.

Situated at Joka, on the outskirts of Kolkata, IIM-C is ranked as one of the top ten B-schools of the country.

The lists of the speakers are yet to be finalized; Banerjee said adding a large number of people, including 3-4 Nobel laureates and other dignitaries, are expected to participate in the conference.

"We are inviting people from varied backgrounds for this conference. The issues of emerging and developing economics like India, China and Brazil will be discussed. Our issues are similar but the standard and conventional management practices may not apply here," he said.

Experts will re-look at the market model, issues, challenges, the way we are tackling it, and the solutions which can improve the lives of the people in the emerging economies, he added.