The Government of Bihar invited IIM Indore to visit the Magadh University campus and take stock of infrastructural facilities to run the IIM- temporarily for now and permanently after constructing the site in 150 acres of land available at the University campus. IIM Indore is mentoring IIM Bihar till the time it gets on track completely.
The establishment and functioning of IIM Bihar is yet dangling between the 2 cities of Patna and Gaya. With the sudden turn of political events in Bihar, the decision on IIM City in Bihar may again go for a revision by the new state government and may prolong the process for some time again.
The session of IIM Bihar is proposed to commence in July-August 2015, however the admission process and academic site where the IIM Bihar would start functioning is still in haze. Now it is being contemplated that the students finally selected for admission to IIM Bihar might get to settle for Magadh University campus for their first year of education in 2015.
It was decided and announced that 6 new IIMs will be opened and each of the new IIM will be mentored by an old and established IIM.