As pointed out by Union Finance Minister Arun Jaitley there are quite a few IIMs that are to be established throughout the nation. Gaya has been nominated as one of them where a new Indian Institute of Management (IIM) campus is planning to get built. The union government has sent a report of the project to the state government asking them for 200 acres of ‘suitable land’ for the campus to come up in Gaya. The Union government has made it clear that the land provided for the campus should be well connected with road, rail and air to avail transport benefits for future.
According to some information the state government has proposed the campus of Magadha University (MU) to be the allocated land for the IIM to come up. The final call on the land still resides with the team of site selection committee members who are likely to visit Gaya soon for spot verification. Gaya has already been bestowed with the Central University and an institute like IIM would certainly add feathers to the academic ambience of the place. Earlier Bihta has been nominated both for the establishment of IIT and NIT. With IIM coming up in Gaya this would balance the academic structure around the state.
According to sources, if for any reason MU campus doesn’t make it to the set standards for IIM to get initiated the Union Government would be provided with the land lying available near Panchpur which is close to the Central University. In the 800 acre land that was previously an air strip in the post second war period, 300 acres are being used by the Central University. The rest could be enough for the 200 acre campus of IIM that is planned to come up in the state.