Washington: Recognising India's emergence as a key global player, the University of California at Riverside has announced launch its global residency program in Mumbai; which is only its third after China and England.

Titled "The Indian Economy and the Epicenter of Globalization" is the week-long residency in Mumbai from January 1 to 8 for UC Riverside undergraduate students, graduate students and alumni.

It joins similar one-week residency programs in England and China that were started the past two years.

Future plans call for adding programs in Russia and Brazil, the university said.

"The programs expose students to emerging markets and give them global experience in an academic, business and cultural environment," said Sean Jasso, who organizes the trips and is a lecturer of management at the School of Business Administration.

"Our goal is to bring the whole world in a portfolio to our students, who need to see these places to enhance their competitiveness," Jasso said.

The global programs combine lectures by faculty at local host universities and visits to cultural, academic and business centers.

Upon completion, participants receive a certificate from the host university.

The residency in India will explore the strategic issues that US and foreign multinationals face when doing business in India.

Lecture topics include India as a transitional economy, Mumbai's economy, financing in India, culture and leadership in India and India's future economic growth.

Participants will visit Tata Consultancy Service; L&T Infotech, a global IT services and solutions provider; the US Chamber of Commerce; the National Stock Exchange; and the Gateway of India - one of Mumbai's most notable monuments.