It is official now, Indian Institute of Management (IIM-M) Maharashtra is now officially declared as Indian Institute of Management, Nagpur (IIM-N) by the Ministry of HRD, Govt of India.
Although the move has not much surprised as state government had already allotted permanent and temporary campus sites to establish IIM Nagpur but still it took more than a month since the visiting team from HRD Ministry inspected the IIM campus sites in Nagpur. Amarjit Sinha additional secretary MHRD and his team visited the IIM-N campus sites on Feb 11, 2015 and the decks to establish the IIM in Nagpur could be cleared only on March 12, 2015 after the recommendations of his team were accepted.
IIM Ahmedabad: Geared up to start IIM-N academic session
Ministry of HRD has directed IIM Director Dr Ashish Nanda to appoint a nodal officer to set-up and begin operations of IIM Nagpur with effect from academic session 2015-16 in the VNIT campus. Besides IIM Ahmedabad, the mentor IIM for IIM Nagpur will bear expenses on establishing and beginning the academic session of IIM Nagpur. According to MHRD “The proposed cost of first three years of operationalisation should be forwarded to MHRD along with the name of nodal professor to facilitate mentoring role in setting up a registered society for the new institution."
For the first 3 years IIM Nagpur will operate from the campus of Visvesvaraya National Institute of Technology (VNIT) Nagpur and will then move to its permanent campus at MIHAN in Nagpur. MHRD in consultation with Maharashtra State Government as well as mentor IIM Ahmedabad proposes to complete the construction of permanent campus of IIM Nagpur within 3 years. The funds to IIM Nagpur will be allotted afterwards by MHRD and out of the said funds expenses incurred by IIM Ahmedabad on establishing IIM Nagpur will be adjusted.
IIM Nagpur: First among 6
Out of the 6 proposed new IIMs, IIM Nagpur is the first IIM which is known by its city and not by the state in which it is going to be established. With the mentoring by IIM Ahmedabad it is expected that IIM Nagpur would become one of the top rated B schools in the country. Candidates who have scored 90 to 95 percentile in CAT 2014 and have appeared in the admission process for proposed new IIMs can find the admission opportunity in IIM Nagpur for the academic session commencing 2015.
While other 5 proposed IIMs namely IIM Bihar, IIM Odisha, IIM Andhra Pradesh, IIM Himachal and Punjab are still known by their states, IIM Nagpur has got the identity of its city after winning a long battle of making choice among Pune, Aurangabad, Mumbai and Nagpur.
With IIM Ahmedabad at the helm of affairs students seeking admission opportunity in IIM Nagpur can be assured of a very good learning experience at proposed IIM Nagpur which will begin functioning from the academic session 2015-16.
IIM-A to provide great learning at IIM Nagpur
In the initial years, the mentor IIM Ahmedabad is supposed to provide all its expertise through its well experienced and highly qualified faculty making it a great learning experience to the students of IIM Nagpur.
The pedagogy, case study pattern, project work and all other ingredients of academics for which IIM Ahmedabad is known, will impart a better learning environment at IIM Nagpur. Students, despite studying at IIM Nagpur may expect to be groomed on the study pattern of IIM Ahmedabad.
IIM Nagpur: Intake
An intake of 60 students in the first session of flagship PGDM 2015-17 batch at IIM Nagpur is proposed. This will gradually increase over a period of time.
IIM Nagpur: 200 acres permanent campus
Letter dated March 12, 2015 from MHRD director (management) Shailendra Kumar to Sanjay Chahande, Principal Secretary, Higher and Technical Education, Maharashtra Government elaborates that MHRD has granted approval both for permanent campus at Mouza Dahegaon in non-SEZ area under Mihan project spread over 293 acres and temporary campus at Visvesvaraya National Institute of Technology (VNIT) campus.
With the fact that the Chief Minister of Maharashtra Mr Devendra Fadnavis is personally looking after the project, IIM Nagpur is expected to have world class state of the art infrastructure when completed. 200 acres of land has been allotted in project area of MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) for setting up the IIM. In the meantime for the first 3 academic sessions, IIM Nagpur would operate from its temporary campus at Visveswaraya National Institute of Technology (VNIT).
IIM Nagpur: Strategically located
There are number of public sector companies present in Nagpur such as Western Coalfields Limited (WCL), Mineral Exploration Corporation Limited (MECL), Manganese Ore India Limited, CICR. Apart from this, training institutes of international/national repute like NADT (National Academy of Direct Taxes), NADP (National Academy of Defence Production) offering management development programs are also present in Nagpur.
There is no premier management institute between IIM Indore, ISB Hyderabad and IIM Raipur. IIM Nagpur will cater to fill the gap areas in spreading quality management education.
Academicians and IIM Ahmedabad alumni have welcomed the decision to set up IIM at Nagpur. According to them in an era of e-learning and globalization of management education the location of the institute does not matter. While the Cities like Pune and Mumbai have a number of top rated B schools like Symbiosis, PUMBA, SPJIMR, NMIMS, JBIMS, IIM in Nagpur would prove to be great choice and will be a key growth factor of Nagpur.
Nagpur is well connected by air, rail and road. The distance to Nagpur is less than any other city of Maharashtra like Pune from UP, Bihar, Chhattishgarh and Orissa.
Stay tuned to MBAUniverse.com for more updates on IIM Nagpur
