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Cabinet approves setting up of IIM in Jammu

By Newsd
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The Union Cabinet on Thursday approved the establishment and operationalisation of an Indian Institute of Management (IIM) at Jammu. Atemporary campus will be at Old Government College of Engineering and Technology from the Academic Year 2016-17. The approval is a part of the Prime Minister’s development package for Jammu and Kashmir.

The project will involve a cost of Rs 61.90 crore in temporary campus for the initial four years from 2016 to 2020. IIM Jammu will be run and managed by the Society with a Board of Governors (BOGs) to be constituted by the central government which will administer the institute.

In an all-party meeting in August to discuss the violence in Kashmir, PM Modi had announced a development package of more than Rs 80 thousand crore.

The development package included better facility for education of children, employment to youths, modern facility for treatment, facilities for promotion of tourism in the state and special arrangements for production of fruits in the State.