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Rs.500 cr for 5 new IITs and IIMs

Smriti Irani, HRD Minister
New Delhi, (India): Finance Minister Arun Jaitley revealed his maiden budget stating that Rs. 500 crore each will be allocated to set up five new IITs and IIMs. Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala will be receiving IIT colleges while the IIMs will be set up in Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra.

Andhra Pradesh has been allocated three prestigious national level institutes that are, All India Institute of Medica Sciences (AIIMS), an Indian Institute of Technology (IIT) and an Agriculture University. The three premier institutes are part of the 11 premier institutes promised to residuary Andhra Pradesh in the AP Reorganisations Act.

The Locations of the proposed 11 premier institutes in all three regions (circuits) of AP are as follows: All India Institute of Medical Sciences (AIIMS), national Institute of Information Technology (NIT), national institute of Disaster management (NIDM), Indan Institute of Management (IIM), International Institute of Information Technology, Petroleum and Tribal Universities, Indian Institute of technology (IIT), Indian Institute of Science Education and Research (IISER) and Central University (CU).


India currently has 13 IIMs. The Indian Institutes of Management (IIMs) are public, autonomous institutes of management education and research in India. The two-year Post Graduate Diploma in Management (PGDM) is the flagship programme across all IIMs. This programme usually starts in June and runs till April of the second year. Selection of the students to this programme is based on a highly competitive entrance exam known as CAT (Common admission Test).

These post graduate diploma programmes are considered equivalent to regular MBA programmes delivered globally by universities like Harvard, Insead, IMD, and Leeds University Business School and ranked alongside them in international rankings like FT global MBA ranking.

The older IIMs also offer a one-year Post Graduate diploma Programme for graduates having approx. 5 years or more of work experience. The participants of the 1 year programme have prior work experience unlike the 2 year programme where a large part of the class is fresh graduates. Some IIMs offer the Fellow Programme in Management (FPM), a doctoral programme. The Fellowship is considered to be equivalent to PhD globally. Many IIMs also offer short-term executive education/EMBA courses and part-time programmes.

History of IIMs

After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable managers for the large number of public sector enterprises that were being established in India as a part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of the University of California to help in setting up an All India Institute of Management Studies. Based on his recommendations, the Indian government decided to set up two elite management institutes, named Indian Institutes of Management. Calcutta (now Kolkata) and Ahmadabad were chosen as the locations for the two new institutes.

The institute at Calcutta was established first, on 13 November 1961,and was named Indian Institute of Management Calcutta or IIM Calcutta. It was set up in collaboration with the MIT Sloan School of Management, the government of West Bengal, the Ford Foundation and the Indian industry.The institute at Ahmedabad was established in the following month and was named Indian Institute of Management Ahmedabad. Like MIT Sloan in the case of IIM Calcutta, Harvard Business School played an important role in the initial stages of IIM Ahmedabad.

In 1972, a committee headed by Ravi J. Matthai took note of the success of two established IIMs and recommended the setting up of two more IIMs. Based on the committee's recommendation, a new IIM was established in Bangalore (IIM Bangalore) the next year, and was originally intended to cater exclusively to the needs of public sector enterprises. In 1981, the first IIM Review Committee was convened to examine the progress of the three existing IIMs and to make recommendations. The committee noted that the three IIMs were producing around 400 PGP graduates every year and that they had reached their optimum capacity. It proposed the opening of two more IIMs to meet the rising demand of management professionals. It also recommended expanding the Fellowship programmes to meet the growing demand of faculty in management schools in India. The fourth IIM (IIM Lucknow) was established in 1984 based on the committee's recommendation.

Two more IIMs were established in Kozhikode (IIM Kozhikode) and Indore (IIM Indore) in 1996. Since 2007, seven new IIMs have been set up, taking the total number of IIMs to 13. With 5 more IIMs to be established, the total number of IIMs will be 18.


At present, there are sixteen Indian Institutes of Technology (IITs) viz. at Bombay, Delhi, Kanpur, Kharagpur, Madras, Guwahati, Roorkee, Hyderabad, Patna, Bhubaneshwar, Ropar, Jodhpur, Gandhinagar, Indore, Mandi and Varanasi. All are governed by The Institutes of Technology Act, 1961 which has declared them as "Institutions of national importance", and lays down their powers, duties, framework for governance etc. Now five more IITs are going to be established by the new BJP government.

The main objective of IITs is to impart world class education in engineering and technology; to conduct research in the relevant fields, and to further advancement of learning and dissemination of knowledge. These Institutes are also contributing significantly to education and research in basic sciences and humanities. As part of the national plan of science and technology, five Centers of Advanced Study and Research have been set up in the Indian Institutes of Technology in Energy Studies (Delhi), Material Science (Kanpur), Cryogenic Engineering (Kharagpur), Ocean Engineering (Madras) and Resource Engineering (Bombay).

The IITs offer undergraduate programmes in various branches of engineering and technology; postgraduate programmes with specialization and Ph.D. programmes in various engineering and science disciplines, interdisciplinary areas; and conduct basic, applied and sponsored research. At present, IITs offer B. Tech., B. Arch, M.Sc., M. Design, M. Phil., M. Tech, MBA and Ph.D. Degrees. The quality of teaching and research in IITs is of international standards. The Institutes are continuously evaluating and modifying curricula as per the emerging trends in the industry. They also contribute to updating the knowledge of faculty of other Engineering Colleges through Quality Improvement Programmes. As host institutions under the Early Faculty Development Programme (EFDP), IITs act as nuclei to cater to the technical requirements of the respective regions.

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