The admission process for postgraduate program (PGP) in management will be in line with the other IIMs, and applicants will have to take the CAT entrance exam.
For starters, the institute will have a batch of 60 students only, but it is expected that by the third year, the capacity should go up to 120; by the sixth year, it should be able to accommodate 180 students.
The Press Information Bureau news release issued on 22nd February states: “The Union Cabinet today gave its approval to setting up of Rajiv Gandhi Indian Institute of Management at Shillong (Meghalaya). The institute would help generate globally benchmarked processes of education and training in management education, with state-of-the-art management knowledge. The institute will be run and managed by a society to be registered under the Societies Registration Act 1860.”
According to government information, the total investment planned for setting up the institute will be over Rs 150 crore. The campus will be spread across 120 acres, and the Meghalaya government has agreed to give the land free of cost. The sanction of non-recurring expenditure of Rs. 120.67 crore, over a period of five years, and recurring expenditure of Rs. 45.08 crore, over a period of six years, for the new IIM has also been approved.
The news release further mentions that though there will be no special reservation for students of the region (that north-east, that is) in the postgraduate program, the institute will offer short-term courses on subjects of local relevance like tourism, horticulture, hydel power etc.
