IIMs are the premier management study institutes in the country. So much so that lakhs of students compete each year for a few thousand seats. A dream of a bright future is what attracts students towards the IIMs. Now with a new IIM all set to come up in the state of J&K, more dreams are all set to come true.
As part of the Prime Minister's development package for the state of Jammu and Kashmir there was a proposal was setting up an IIM there. This proposal has finally received the approval of the Union Cabinet. The Indian Institute of Management (IIM) is being set up in Jammu in a temporary campus at Old Government College of Engineering and Technology from the Academic Year 2016-17. It has also been decided to set up an out-campus in the Kashmir region some time later.
For the establishment of this IIM, the Human Resources Development (HRD) Ministry had previously signed a memorandum of understanding (MoU) with the Higher Education Department of the J&K. The MoU was signed by IIM Lucknow’s Director, in the presence of the Minister for Education Naeem Akhter and Minister of State for Education, Priya Sethi.
The Cabinet also approved the formation of an IIM Jammu Society under the Societies Registration Act, 1860.The temporary campus will involve a cost of Rs 61.90 crore for the initial period from 2016 to 2020. The central government will constitute a Board of Governors to look after the administration of the institute, in consonance with the Society.
54 students enrolled in the PGDP in Management course this year which is expected to rise to 120 in the 4th year.
As per an official statement declared after the cabinet meeting, "Steps would also be taken up for setting up campus at Jammu and an out-campus in Kashmir region. The detailed project report for the permanent campuses is under preparation and thereafter the process for setting up of the campuses would start."
"This is a part of Prime Minister's development package for Jammu and Kashmir. The institute, coupled with opening of IIT at Jammu, modernisation of NIT Srinagar and opening of two new AIIMS institutions, one each in Kashmir region and Jammu region, would go a long way in meeting the requirement of high quality living and education in the state," the statement further disclosed to the public.
Presently India has 19 IIMS. 13 of them are located at Ahmedabad, Bengaluru, Kolkata, Lucknow, Indore, Kozhikode, Ranchi, Kashipur, Rohtak, Shillong, Raipur, Trichy and Udaipur. Six IIMs where sessions commenced in 2015 are located at Amritsar, Nagpur, Sirmaur, Sambalpur, Bodhgaya, and Vishakhapatnam.