Wednesday, July 25, 2007
The seventh Indian Institute of Management (IIM) proposed at Shillong, Meghalaya, will become operational from the academic year 2008-09. The new institute will be called the Rajiv Gandhi Indian Institute of Management (RGIIM), Shillong and will get a grant for non-recurring expenditure of Rs 120 crore over a period of five years and Rs 45 crore for recurring expenditure over a period of six years. The government of Meghalaya has provided 120 acre of land free of cost for setting up the institute.In the first year, the institute will admit 60 students. The capacity will be increased to 120 students in the third year and 180 students in the sixth year.Initially, the institute will offer a two-year post graduate programme in management (PGPM) and later it would also offer short-term programmes on subjects of local relevance like tourism, horticulture and hydel power.RGIIM will be initially run from a temporary campus at Mayurbhanj complex. Mayurbhanj complex campus was occupied by the North Eastern Hill University, which has now vacated the premises. A permanent campus for RGIIM will come in the new Shillong township.