IIMs may set up campuses outside India

The Indian Institutes of Management can now set up campuses abroad. After advocating more autonomy to the premier management institutes and giving them power to grant degrees, Union HRD minister Prakash Javadekar introduced the IIM Bill 2017 in Lok Sabha, which would confer statutory powers on them.

The Bill enables IIMs “to set up centres of management studies and allied areas outside India in accordance with guidelines laid down by the Centre and in accordance with provisions of law in force in such foreign country“. IIMs would be declared as “institutions of national importance“ with Board of Governors as the principal executive body.

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