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Here is an opportunity for students to pursue a degree abroad at half the fee. The Management Development Institute of Singapore (MDIS) and Vels University in Chennai signed an MoU on Friday. Students will complete a portion of the course at Vels University before going to Singapore to complete the course. This way,the course fee is being reduced by about 50%, according to chancellor of Vels University Ishari K Ganesh. This is the first collaboration for MDIS with an Indian educational institute. A total of seven courses will be offered through this venture, starting with MBA this year.