Cabinet approves establishment, operationalisation of permanent campuses of seven new IIMs

The Union Cabinet today approved the establishment and operationalization of permanent campuses of seven new Indian Institutes of Management (IIMs) at Amritsar, Bodh Gaya, Nagpur, Sambalpur, Sirmaur, Vishakhapatnam and Jammu.
At its meeting, the Cabinet also approved 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), an official press release said.
These IIMs, established in the year 2015-16/2016-17, are presently functioning from transit campuses.
The release said that, out of the total assessed cost of Rs. 3775.42 crore, Rs. 2804.09 crore will be spent for construction of permanent campuses of these institutes, as per the following details:
IIM Amritsar -- Rs. 348.31 crore
IIM Bodh Gaya -- Rs. 411.72 crore
IIM Nagpur -- Rs. 379.68 crore
IIM Sambalpur -- Rs. 401.94 crore
IIM Sirmaur -- Rs. 392.51 crore
IIM Vishakhapatnam -- Rs. 445.00 crore
IIM Jammu -- Rs. 424.93 crore
Each of these IIMs will construct an area of 60384 sqm, which will have complete infrastructural facilities for 600 students in each IIM. Recurring grants to these institute have also been approved at the rate of Rs 5 lakh per student per year for five years. Thereafter, the institutes are expected to meet their running cost / maintenance cost from the internal generation of funds.
"The construction of permanent campus of these institutes shall be completed by June, 2021. With this, all the 20 IIMs will have their own permanent campuses," the release added.

(Our News Desk can be contacted at

Did you like this story? Make a donation and help us to serve you better.


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.