EMBA or Industrial mba?

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My name is Titu,a btech graduate in EEE passed out in 2010 June.I am now working as asst.manager for sales and marketing in Bajaj electricals Kerala.I have now 2 years of work experience.Now i am planning for an mba. while searching the internet...
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My name is Titu,a btech graduate in EEE passed out in 2010 June.I am now working as asst.manager for sales and marketing in Bajaj electricals Kerala.I have now 2 years of work experience.

Now i am planning for an mba. while searching the internet ,i came across a college called GemB school.They are providing full time mba of bharathiar university ,the main advantage is that we can work during the course.They will find job for us during our study and the company will offer a stipend not less than 10K .
do u think that joining that is a good decision? The course is called industrial mba ...we can specialise in hr/finance/marketing ...etc..

also my friends told about EMBA ...please tell me some of the well renowned college for pursuing emba?
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