IIML's Student Exchange Programme looks quite interesting:

More than 50 students Indian Institute of Management, Lucknow (IIM-L) can study at partner universities in foreign countries.

Partner institutes include ESCP-EAP, France; McMaster University, Canada; ESSEC, France; EBS, Germany; HHL, Germany; REIMS, France; CBS, Denmark; UCL, Belgium; Bocconi, Italy; and ESADE, Spain.

http://www.business-standard.com/india/news/iim-lucknow-students-head-to-foreign-universities/406921/