Union Cabinet approves setting up of Indian Institute of Management (IIM) at Shillong

The Union Cabinet today gave its approval to the following proposals:

(i) setting up of "Rajiv Gandhi Indian Institute of Management" at Shillong (Meghalaya);

(ii) Incurring non-recurring expenditure of Rs. 120.67 crores over a period of five years and Rs. 45.08 crores for recurring expenditure over a period of six years for the new IIM at Shillong;

(iii) Accepting land, free of cost, from Government of Meghalaya

(iv) Creation of one post of Director in the scale of pay of Rs. 25,000/- (fixed) and one post of the Chief Administrative Officer (CAO) in the scale of Rs. 12,000-375-16500/- along with necessary support staff.

The professional managers trained by this new Indian Institute of Management would promote economic and industrial development of the North Eastern Region(NER) as well as of the country. The Institute would help generate globally benchmarked process of education and training in management education with the state of the art management knowledge. The Institute will be run and managed by a Society to be registered under the Societies Registration Act 1860.

The Government of Meghalaya will provide at least 120 acres of land free of cost for IIM at Shillong.

The project envisages an annual student intake capacity of 60 in the first year which would go up to 120 in 3rd year and 180 in the 6th year. Since this would be a national level institute, there would not be any reservation exclusively for students of the Region in the Post Graduate Programme for which admission shall be through Common Admission Test (CAT). However, the Institute would conduct short-term courses on subjects of local relevance like tourism, horticulture, hydel power etc.

Source : Press Information Bureau

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