Indian Government to set up Six new IIMs

Good News! Exciting news for all the MBA wannabes, the administration today cleared the proposition for the setting up of six new IIMs in India, which will begin offering courses from the impending scholarly session itself. The new IIMs will be situated at Visakhapatnam (Andhra Pradesh), Bodh Gaya (Bihar), Sirmaur (Himachal Pradesh), Nagpur (Maharashtra), Sambalpur (Odisha) and Amritsar (Punjab).

India to set up 6 new IIMs:

Every establishment will begin with an admission of 140 understudies for the post-graduate course, affirmation for which will be through CAT.

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“It is normal that the yearly admission will increment to achieve a level of 560 students with in seven years,” the minister said in a press note here after the Union Cabinet gave its positive gesture to the proposition.

In his financial plan discourse in July a year ago, Finance Minister of India Arun Jaitley had declared a proposition for the setting up of five new IIMs. What’s more, an IIM was likewise proposed for Andhra Pradesh in keeping with the AP Re-association Act, 2014.
The Cabinet likewise chose to take care of the relentless demand of the populace of western Odisha for the IIM to be set up in Sambalpur. According to the prior proposition, it has come up in state capital Bhubaneswar.
The Indian Institutes of Management (IIMs) are self-ruling organizations of administration education and research in India. They fundamentally offer postgraduate, doctoral and management programs. The foundation of IIMs was started by Mr Nehru with the proposal of the Planning Commission. There are at present 13 IIMs in the nation. The HRD Ministry had before settled the current IIMs which would be coaching the new ones.
On the other hand, the organization of all IIMs and the general procedure of IIMs are regulated by the IIM committee. The IIM Council is carried out by India’s Minister of Human Resource Development and comprises of the chairpersons and executives of all IIMs and senior authorities from the Ministry of Human Resource Development of the Government of India.