As a part of the Prime Minister’s development package for the State of Jammu and Kashmir, Jammu is all set to get an Indian Institute of Management (IIM) from the current academic session as part of. With the establishment of the same, now India is home to 20 IIMs. Union HRD Minister Prakash Javadekar informed that Rs. 62 crore has been granted by the Centre for the establishment of the institute. At present, there were 19 IIMs and 13 of them are located at Ahmedabad, Bengaluru, Kolkata, Lucknow, Indore, Kozhikode, Shillong, Ranchi, Raipur, Rohtak, Kashipur, Trichy and Udaipur. The IIMs started in 2015 includes IIM Amritsar, IIM Sirmaur, IIM Nagpur, IIM Bodhgaya, IIM Sambalpur and IIM Vishakhapatnam.
The establishment of the institute along with the opening of an IIT in Jammu, modernisation of National Institute of Technology (NIT) in Srinagar and opening of two new AIIMS institutions, one each in Kashmir and Jammu regions, in the long run will prove highly beneficial in meeting the requirement of high quality living and education in the state.
Former Chief Minister of the State, Omar Abdullah tweeted :
Jammu gets the IIT & gets the IIM also. Where have all those voices that called for balanced regional development in J&K disappeared.
— Omar Abdullah (@abdullah_omar) 13 October 2016
To which, Union HRD Minister Prakash Javadekar replied :
— Prakash Javadekar (@PrakashJavdekar) 13 October 2016
The Union Cabinet has finally given the green signal to establish and operate an Indian Institute of Management – IIM Jammu in the cabinet meeting chaired by hon’ble Prime Minister Narendra Modi. The Cabinet also approved the formation of an IIM Jammu Society under the Societies Registration Act, 1860. IIM Jammu will be run and managed by the Society with a Board of Governors (BOGs) to be constituted by the Central government. It will be responsible for the establishment and operationalisation of the institute.
The newly established IIM of the country for the initial four years i.e., from 2016-2020 will function from a temporary campus at Old Government College of Engineering and Technology. The project will involve a cost of Rs. 61.90 crore on temporary campus for the four years from 2016 to 2020. The detailed project report for the permanent campuses is under preparation and thereafter the process for setting up of the campuses would start. An out-campus will be set up in the Kashmir region later. This year, the student intake for the Post Graduate Diploma Programme (PGDP) in Management is 54, which will progressively go up to cumulative student strength of 120 in the fourth year.
Each IIM is autonomous and exercises independent control over its day-to-day operations. However, the administration of all IIMs and the overall strategy of IIMs is overseen by the IIM council. The IIM Council is headed by India’s Minister of Human Resource Development and consists of the chairpersons and directors of all IIMs and senior officials from the Ministry of Human Resource Development of the Government of India.
In the Union budget presented on 28 February 2015; it was mentioned that two more IIMs would be set up one in Jammu and Kashmir and the other in Telangana. The Union Cabinet Committee of Govt. of India approved to set up New IIM on 24 June 2015. IIMs at Gaya, Visakhapatnam, Nagpur, Sambalpur and Sirmour were started in August–September 2015.