I am a Elect Engg. employed in Dubai. I want to do MBA recognized and widely accepted by corporates. What are good option for distance MBA?

I am mainly interested in MBA in Project management through distance learning form India. Doing it locally from Sikkim Manipal Univ. is little bit costly with Rs.250000/- in two years. I can not check the credentials of Foreign Universities who are offering MBAs in one year or even 6 months.