Approved in the Cabinet meeting on June 24, 2015 all the proposed 6 new IIMs will now have an increased intake of 140 students in their maiden PGP batch 2015-17 instead of 60 as announced earlier. Apart from this the cities to establish these IIMs have also been finalized in the meeting.
In the press release shared by Press Information Bureau, Government of India at 4 PM on June 24, 2015 it has categorically been stated that the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi today on June 24, 2015 approved the setting up of six new Indian Institutes of Management (IIMs) in the country.
The proposed 6 new IIMs will be located at Vishakhapatnam (Andhra Pradesh), Bodh Gaya (Bihar), Sirmaur (Himachal Pradesh), Nagpur (Maharashtra), Sambalpur (Odisha) and Amritsar (Punjab).
These proposed 6 new IIMs will begin functioning from assigned temporary campuses and shift to their permanent sites after construction of their campuses. It is intended that all these 6 new IIMs will commence their first academic session from 2015-16.
Each of these proposed 6 new IIMs will start with an intake of 140 students in the Post Graduate Programme (PGP) courses. It is expected that the annual intake will increase to reach a level of 560 students each year by the end of 7 years.
The PGP in Management would be the flagship programme of these institutions. Admission to the PGP 2015-17 batch will be through the open and competitive Common Admission Test (CAT) 2014 conducted by the IIMs.
The Press release emphasizes that the Institutes would train young graduates to undertake management responsibilities and carry out research and consultancy in the field of management and allied areas. Their programmes will provide the country, potential leaders in diverse fields of endeavour and enterprise.
IIMs declared in Budget 2014
A commitment was made by the Government of India in the Budget speech of the Finance Minister in July 2014 to establish 5 new IIMs in Bihar, Himachal Pradesh, Maharashtra, Odisha and Punjab. In addition, the reorganization of the State of Andhra Pradesh into the two States of Andhra Pradesh and Telangana has necessitated the setting up of an IIM in Andhra Pradesh, consequent to and in pursuance of the Andhra Pradesh Re-organization Act, 2014.
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