Home » Education » Union Cabinet has sanctioned of Rs 401.94 crore for the establishment of permanent campus of IIM Sambalpur

Union Cabinet has sanctioned of Rs 401.94 crore for the establishment of permanent campus of IIM Sambalpur

NEWDELHI:5/9/18: The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved funds for the establishment and operationalization of permanent campus of the Indian Institute of Management (IIM), Sambalpur in Odisha.

The Central government has sanctioned of Rs 401.94 crore for the establishment of permanent campus of IIM-S. Presently, the institute has been temporarily functioning in the building of Silicon Institute of Technology since 2015.

The construction of permanent campus of the institute shall be completed by June, 2021, an official release said.

The premier management institute will construct an area of 60384 Sqm, which will have complete infrastructural facilities for 600 students. Recurring grants to the institute has also been approved Rs 5 lakh per student per year for 5 years. Thereafter, the institute is expected to meet its running cost and maintenance cost from the internal generation of funds, it added.

The Odisha government had allotted 237 acres land at Basantpur for permanent campus of IIM-Sambalpur.

IIM-Sambalapur is one among the third generation IIMs, which was announced in Budget 2014-15, along IIM-Vishakhapatnam (Andhra Pradesh), IIM-Bodh Gaya (Bihar), IIM-Sirmaur (Himachal Pradesh), IIM-Nagpur (Maharashtra) and IIM-Amritsar (Punjab).

Initially mentored by IIM Indore, IIM-Sambalpur was registered as a Society under Societies Registration Act, XXI of 1860 on August 19, 2015

At present, there are 20 IIMs are available in the country.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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