The HRD ministry is gearing up to open six new Indian Institutes of Management (IIM)s by next academic year, as proposed in the Union Budget this year. In a meeting with some of the representatives of IIMs, industry experts and state government officials, HRD ministry has raised the issue on setting up new IIMs for the coming academic year.
As per the Union Budget, the IIMs were proposed to be set up in Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra. The last IIM to be set up at Andhra Pradesh, as a part of Andhra Pradesh Reorganization Bill. To set up a new IIM, some essential areas should be kept in mind. The first is the acquisition of land that is required for setting up the institute. To set up a new IIM, around 200-300 acres of land is needed, and getting that is not an easy job. The new IIMs should to be mentored by older peers, the need for physical infrastructure and better faculty for the institute also fall among the key areas.
According to a government official, “This is the first comprehensive meeting on proposed IIMs and from now on every stakeholder will come on the same page.” The government official more added that the HRD ministry has asked the states to suggest more than one location before finalization of a place, as the ministry cannot go with just few indicated places.
Another official said that before establishing the institutes, the ministry has to keep in mind two vital issues as where the IIMs will be set up. The area should have appropriate level of urban infrastructure with good connectivity to rail and airport ways. The second is the availability of industrial clusters within its reach so that it can improve the industry – academic collaboration, placement issues and can catch the attention of better faculties.
A committee has been set up by the government to look into all these issues that may allow the vertical campuses than the present horizontal system. Presently, there are 13 IIMs in India.