25.6.15

Cabinet gives nod to 6 more IIMs


The Cabinet approved setting up of six more Indian Institutes of Management (IIMs), one each in Punjab, Andhra Pradesh, Himachal Pradesh, Maharashtra, Odisha and poll-bound Bihar.
The premier management institutes will come up in Bodh Gaya, Visakhapatnam, Nagpur, Amritsar, Sirmaur in Himachal Pradesh and Sambalpur in Odisha, Union telecom minister Ravi Shankar Prasad said. With the new institutes, the number of IIMs will go up to 19.
“These new IIMs will begin functioning from assigned temporary campuses and shift to their permanent sites after construction of their campuses is completed,“ Prasad said.He added that the government intends to commence the first academic session of the six new institutes from 2015-16.
Each IIM will start with 140 students in post-graduate programme courses. The minister said the annual intake will increase to 560 students each year by the end of seven years.
Admission to the postgraduate programme in management, which will be the flagship programme of these institutions, will be through the Common Admis sion Test (CAT) being conducted by the IIMs.
At present, there are IIMs in Ahmedabad, Bengaluru, Kolkata, Lucknow, Kozhikode, Indore, Shillong, Tiruchirappalli, Raipur, Udaipur, Rohtak, Ranchi and Kashipur.
During his budget speech last year, finance minister Arun Jaitley had announced Jammu as one of the possible venues for the new IIMs, but it has been dropped.

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