Indian Institute of Management (IIM) in Jammu is approved by the Union Cabinet. The cabinet meeting here was chaired by Prime Minister Narendra Modi.
The 20th IIM of the country will function from a temporary campus at Old Government College of Engineering and Technology for the initial four years, from 2016 to 2020.
According to an official statement, the student strength intake for this year (2016-17) in the Post Graduate Diploma Programme (PGDP) in Management is 54, and will progressively go up to a cumulative student strength of 120 in the fourth year.
The project will involve a cost of Rs. 61.90 crore on the temporary campus from 2016 to 2020.
The student intake for this year in the Post Graduate Diploma Programme (PGDP) in Management is 54, which will progressively go up to cumulative student strength of 120 in the 4th year.
“Steps would be taken for setting up the 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,” an official statement said after the Cabinet meeting.
The Cabinet also approved the formation of an IIM Jammu Society under the Societies Registration Act, 1860. IIM Jammu will be run and managed by the Society with a Board of Governors (BOGs) to be constituted by the Central government. It will administer the institute and be responsible for the establishment and operationalisation of the institute.
“This is a part of Prime Minister’s development package for Jammu and Kashmir. The institute, coupled with opening of IIT at Jammu, modernization 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 said.
Currently there are 19 IIMs. Out of these, 13 are located in Ahmedabad, Bengaluru, Kolkata, Lucknow, Indore, Kozhikode, Shillong, Ranchi, Raipur, Rohtak, Kashipur, Tiruchi, and Udaipur. The other IIMs that were started in 2015 are located in Amritsar, Sirmaur, Nagpur, Bodhgaya, Sambalpur and Vishakhapatnam.