Proposed new IIMs ready to take off between July to September 2015; know the key facts

MBAUniverse.com News Desk |
July 8, 2015
Out of the proposed new IIMs announced in the budget session 2014-15, five have been able to launch their websites accessible in public domain
The intake in the first PGP batch 2015-17 at the proposed new IIMs may vary from 60 to 140 students in accordance with the capacity at temporary campus of each of these IIMs

Out of the proposed new Indian Institutes of Management (IIMs) announced in the budget session 2014-15, five have been able to launch their websites accessible in public domain while the website of 6th IIM at Visakhapatnam is to be launched shortly. All of these proposed new IIMs have geared up to take off in the academic session 2015-16 between July to September 2015

Among the proposed IIMs who have begun their admission process and have launched the websites,  IIM Nagpur in Maharashtra was the first to achieve this feat, followed by IIM Sirmaur in Himachal Pradesh. IIM Bihar to be set up at BodhGaya was the next followed by IIM Amritsar in Punjab and now the admission process with launching of website of IIM Sambalpur in Odisha has also begun.  Although the website for IIM Visakhapatnam is yet to be launched, the admission process for IIMV has already begun and as per the information shared by IIM Bangalore (mentor IIM for IIMV) they are waiting for certain approvals from MHRD after which IIM Visakhapatnam will take off in a bigway.

It implies that all the proposed new IIMs will commence operations after finalizing the admission process in the academic session 2015-16. IIMs are known by their cities where they are located and not by their states. Accordingly IIM Calcutta the mentor for IIM Bihar shall have to change the name of IIM Bihar to IIM BodhGaya or IIM Gaya on its site.

In the Cabinet committee meeting held on  June 24, 2015 it has been decided that each of the proposed 6 new IIMs will have an intake of 140 students in the first PGP batch 2015-17 but due to lack of infrastructure and lack of sufficient hostel accommodation in the temporary campuses, it may not be possible for these upcoming IIMs to accommodate such a large number of students in the first batch. Hence the intake in the first PGP batch 2015-17 at the proposed new IIMs may vary from 60 to 140 students in accordance with the capacity at temporary campus of each of these IIMs

Following are the key facts on each of these proposed 6 new IIMs going to begin their maiden PGP batch 2015-17 shortly

IIM Nagpur in Maharashtra
Earlier known as IIM Maharashtra and mentored by IIM Ahmedabad, IIM Nagpur was the first IIM to begin the admission process along with launching the website. IIM Nagpur has finalized its admission process and admission offers have already been sent to the prospective students.

Intake in first PGP batch 2015-17: 60 (May increase)
Fee for PGP 2015-17: Rs 10 lakhs
CAT 2014 minimum percentile required for shortlisting: Sectional-80; Overall-96.3
Curriculum and teaching faculty from: IIM Ahmedabad
Academic session commencement from: July 2015
Temporary Campus (for 3 years appx): IIMN will be temporarily located within the campus of Visvesvaraya National Institute of Technology (VNIT) Nagpur  
Proposed Permanent Campus: Approx 200 acres at MIHAN in Nagpur in about 3 years time.

IIM Sirmaur in Himachal Pradesh
The IIM Himachal Pradesh mentored by IIM Lucknow is now known as IIM Sirmaur. IIM Sirmaur is in the final stage of its Admission process.

Intake in first PGP batch 2015-17: 60 (May increase)
Fee for PGP 2015-17: Rs 9 lakhs
CAT 2014 minimum percentile required for shortlisting: Sectional-80; Overall-96.3
Curriculum and teaching faculty from: IIM Lucknow
Academic session commencement from: August 2015
Temporary Campus (for 3 years appx): Temporary campus of IIM Sirmaur will be at Himachal Institute of Technology, Near Dental College, Rampur Ghat Road, Paonta Sahib, Distt Sirmaur, H.P – 173025. Poanta Sahib is an industrial town in the south of Sirmaur district. National Highway 72 goes through this town. The river Yamuna passes through the town.

Proposed Permanent Campus: The site for permanent campus of IIM Sirmaur has an appx area of 10000 sq. yards at Daula Kuan in Paonta Sahib Sub Division of Sirmaur District

IIM Bodhgaya (Gaya) in Bihar
The IIM Bodhgaya (Gaya) in Bihar mentored by IIM Calcutta has commenced admission process and will be finalizing the admissions shortly.

Intake in first PGP batch 2015-17: 60 (May increase)
Fee for PGP 2015-17: Rs 9 lakhs
CAT 2014 minimum percentile required for shortlisting: Sectional-80; Overall-96.3
Curriculum and teaching faculty from: IIM Calcutta
Academic session commencement from: August 2015
Temporary Campus (for 3 years appx): Campus of Magadh University in Bodhgaya, Bihar will be the temporary campus of IIM BodhGaya
Proposed Permanent Campus: The site for permanent campus of IIM Gaya is proposed at 118 acres of land inside the Magadh University, BodhGaya campus.

IIM Amritsar in Punjab
Indian Institute of Management (IIM) Amritsar was earlier known as IIM Punjab. The B-school is mentored by IIM Kozhikode. The institute proposes to commence operation in July 2015. Admission process for IIM Amritsar has already begun and is proposed to close on July 13, 2015.

Intake in first PGP batch 2015-17: 65 (May increase)
Fee for PGP 2015-17: Rs 9 lakhs
CAT 2014 minimum percentile required for shortlisting: Sectional-80; Overall-96.3
Curriculum and teaching faculty from: IIM Kozhikode
Academic session commencement from: July 2015
Temporary Campus (for 3 years appx): IIM Amritsar would commence its operations and activities in the transit campus located inside the Punjab Institute of Technology, Government Polytechnic Compound till its own infrastructure and campus is setup and ready for use. The facilities consist of classrooms, recreational space, activity rooms, library, computer and sports facilities. The transit campus is located close to Guru Nanak Dev University (GNDU) Campus.
Proposed Permanent Campus: Site for the permanent campus of IIM Amritsar is already provided by the Government of Punjab and finalized by the site-selection committee set up by the Ministry of HRD, Government of India. IIM Amritsar campus is proposed to come up at a site near Manawala on Amritsar-Jalandhar GT Road in 60 acres of land area.

IIM Sambalpur in Odisha
Indian Institute of Management (IIM) Sambalpur earlier known as IIM Odisha is mentored by IIM Indore. The institute proposes to commence operation in September 2015. The IIM Sambalpur has commenced admission process and will be finalizing the admissions shortly.

Intake in first PGP batch 2015-17: 70 (May increase to 90)
Fee for PGP 2015-17: Rs 10 lakhs
CAT 2014 minimum percentile required for shortlisting: Sectional-80; Overall-96.3
Curriculum and teaching faculty from: IIM Indore
Academic session commencement from: September 2015
Temporary Campus (for 3 years appx): Government Polytechnic, Rengali, Sambalpur University Institute of Information Technology (SUIIT), Burla and Silicon Institute of Technology, Sason, are the preferred  temporary campuses for IIM Sambalpur in Odisha
Proposed Permanent Campus: The site at Basantpur in Burla in Sambalpur has been considered as the preferred  location for the permanent campus of IIM Sambalpur.

IIM Visakhapatnam in Andhra Pradesh
Indian Institute of Management (IIM) Visakhapatnam is the first IIM out of the proposed 6 new IIMs whose temporary and permanent campuses were finalized immediately after announcement to set up the new IIMs. Minister of HRD also laid the foundation stone for the permanent campus for IIM Visakhapatnam. However due to certain approvals from MHRD pending, the mentor IIM Bangalore has not been able to launch the website for IIM Visakhapatnam.

Earlier known as IIM Andhra Pradesh, IIM Visakhapatnam is mentored by IIM Bangalore. The institute proposes to commence operation in August 2015. Admission process for IIM Visakhapatnam is under process and will be finalized shortly.

Intake in first PGP batch 2015-17: 70 (May increase)
Fee for PGP 2015-17: Rs 10 lakhs
CAT 2014 minimum percentile required for shortlisting: Sectional-80; Overall-96.3
Curriculum and teaching faculty from: IIM Bangalore
Academic session commencement from: August 2015
Temporary Campus (for 3 years appx): IIM Visakhapatnam will commence operation from the temporary premises allotted to it at Andhra University campus
Proposed Permanent Campus: Foundation stone for the IIM Visakhapatnam permanent campus measuring around 300 acres has already been laid by Union HRD Minister Smriti Irani at Gambheeram village on the outskirts of Visakhapatnam in Andhra Pradesh.

If the required arrangement to accommodate the 140 students in each of the proposed 6 new IIMs is made for the next PGP batch 2016-18, as proposed and finalized in the Cabinet meeting on June 24, 2015, the CAT 2015 takers will have the opportunity to explore admission for additional 840 seats in IIMs.

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Stay tuned to MBAUniverse.com for more updates on proposed 6 new IIMs