On 6th September, Thursday the HRD minister Prakash Javedkar has announced that the proposal of establishment permanent campus for 7 new IIMs is cleared.
These 7 IIMs were established in the year 2015-16 and 2016-17 and are presently functioning from temporary campuses.
The Union Cabinet chaired by Prime Minister Narendra Modi approved the establishment and functioning of permanent campus of seven new Indian Institutes of Management (IIMs) at Amritsar, Bodh Gaya, Nagpur, Sambalpur, Sirmaur, Vishakhapatnam and Jammu, and their recurring expenditure at a total cost of Rs 3775.42 crore (Rs 2999.96 crore as Non-Recurring and Rs 775.46 Crore as Recurring Expenditure).
After the announcement, the HRD minister has posted the full list of the budget allocated to establish 7 new IIMs in the country. Each of these IIMs will be constructed in an area of 60384 Sq.m having a capacity of 600 students each with complete infrastructure.
.@narendramodi govt approves Rs 2804.09 Cr for establishment & operationalisation of 7 new #IIMs –
Amritsar-Rs 348.31 Cr,
Bodh Gaya-Rs 411.72 Cr,
Nagpur-Rs 379.68 Cr,
Sambalpur-Rs 401.94 Cr,
Sirmaur-Rs 392.51 Cr,
Vishakapatnam-Rs 445 Cr,
Jammu-Rs 424.93 Cr #CabinetDecisions
— Prakash Javadekar (@PrakashJavdekar) September 6, 2018
According to the Government of India the construction of these 7 IIMs shall be completed by June 2021, and with this, all the 20 IIMs have their own campus.
IIM is a dream college for all MBA aspirants who are dying to secure their management careers. The approval will promote the economic and industrial development of the country.
Here is the list of new IIMs and allocated budgets:
|1||IIM Amritsar||Rs 348.31 crore|
|2||IIM Bodh Gaya||Rs 411.72 crore|
|3||IIM Nagpur||Rs 379.68 crore|
|4||IIM Sambalpur||Rs 401.94 crore|
|5||IIM Sirmaur||Rs 392.51 crore|
|6||IIM Vishakapatnam||Rs 445 crore|
|7||IIM Jammu||Rs 424.93 crore|
This is one of the great initiatives by Govt to improve education quality and create opportunities for Indian Students in the management field.