New Delhi: Two of the six new Indian Institutes of Management (IIMs) today approved by the Cabinet, chaired by PM Narendra Modi, will be set up in Amritsar (Punjab) and Sirmaur (HP).
The other four IIMs will come up at Vishakhapatnam (Andhra Pradesh), Bodh Gaya (Bihar), Nagpur (Maharashtra) and Sambalpur (Odisha). All six institutes will start courses from the upcoming academic session (2015-16).
Addressing the media after the Cabinet meeting, Telecom Minister Ravi Shankar Prasad said, “These new IIMs will begin functioning from assigned temporary campuses and shift to their permanent sites after construction of their campuses is completed.”
“It is expected that the annual intake will increase to 560 students by the end of seven years,” the government said in a release. In his Budget speech in July last year, Finance Minister Arun Jaitley had proposed the setting up of five IIMs. In addition, an IIM was also proposed for Andhra Pradesh in keeping with the AP Re-organisation Act, 2014.
Each institute will start with an intake of 140 students for the Post-Graduate Programme (PGP) courses. The admission to PGP courses will be through Common Admission Test (CAT) being conducted by IIMs. The Human Resource Development Ministry had earlier finalised that the existing IIMs will mentor the new ones. At present, there are 13 IIMs in the country.
Other decisions taken at the Cabinet meeting were approving the Rs 81,459 crore revised cost estimate for the Eastern and Western Dedicated Freight Corridor (DFC) Project and allowing Solar Energy Corporation of India to apply to the Registrar of Companies for converting into a Section 3 company under the Companies Act, 2013 and renaming it as Renewable Energy Corporation of India.
(Courtesy: The Tribune)