Friday, August 04, 2006

 

3 new iims: financial express

Three new IIMs need of the day: Moily sub-group
Posted online: Friday, August 04, 2006 at 0011 hours IST

AHMEDABAD, AUG 3: The final report of a group of management institutions, to be submitted to the Moily Committee in the next few days, has suggested setting up three new IIMs, besides the one already proposed for Shillong. This will ensure “more balanced access to management education across the country”.

The group has said, the three new IIMs should be located in cities that not only can attract good faculty but also gain from the industry-business interface. Chairman of the group Samuel Paul told FE the new IIMs should “not be set up in backward areas but in places which are emerging industrial hubs”.

While the group left the choice of location to the government, Paul indicated IIMs could be set up in emerging economic hubs like Pune. “ Maharashtra does not have an IIM and can do with one,” he said. Other possible locations are Mumbai, Delhi and Chennai.

When asked about the investment required to set up a new IIM, Paul said, “It could initially be in a range of Rs 200-300 crore. Each new institute will be sufficient for a student intake of 300 to begin with.”

Besides catering for the long-term management education needs, the new IIMs will also ease the burden of the quota regime implementation on existing IIMs. “Though it will take at least 5 years for a new IIM to come up, it will still be a exercise worth the while. Existing IIMs cannot be realistically expected to shoulder the entire responsibility of quota implementation,” Paul said.

The group had highlighted infrastructure and faculty constraints existing IIMs would face if they were forced to implement the OBC quota from the next academic session.





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