With the Union Cabinet granting its approval on Thursday, the country’s 20th Indian Institute of Management (IIM) at a temporary campus in Jammu has become formally operational.

An out-campus centre is to be set up in Kashmir later.

For now, the IIM is at a temporary campus at Old Government College of Engineering and Technology.

It will be managed by a society with a Board of Governors to be constituted by the Centre.

According to an official statement, the establishment of the IIM, coupled with the setting-up of an IIT in Jammu, modernisation of NIT-Srinagar and opening of two new AIIMS, one each in Kashmir and Jammu, will “go a long way in meeting the requirement of high quality living and education in the state”.

Setting up the IIM on the temporary campus is estimated to cost Rs 61.90 crore in the first four years.

Fifty-four students will be taken in this year in the Post Graduate Diploma Programme in Management.

Source: The Indian Express