Bhubaneswar:7/12/23: Odisha Chief Minister Naveen Patnaik today laid the foundation for Narsee Monjee Institute of Management Studies at Info Valley in Bhubaneswar.
The Institute has been set up by Shri Vile Parle Kelavani Mandal Trust. The NMIMS is a leading management institute in the country. Set up on 40 Acres of land given by the state government, the Institute will reserve 30 percent of seats for students of Odisha on merit.
Speaking on the occasion, the Chief Minister said that Odisha in recent times has made significant strides in various socio-economic parameters. It is now one of the fastest-growing economies in the country. The rising economic status of the state has created immense opportunities in attracting talents from India and across the globe, he added.
The CM further said that India is now a leading economy of the world– the fifth largest among the Nations, and set to become third in a few years. This massive economic growth of India is driven by its youth power, he underlined.
Continuing on the power of youth, he said that the youth are our strength, our assets, and our hope for the future. The youth of India are now considered the hope for the global economy. This is evident from the number of global CEOs and management thinkers that India has produced, he added.
The Chief Minister asserted that this is purely a contribution of Indian management institutes. The quality of their education, including the Indian value system, has placed Indian management professionals in great demand across the globe, he opined.
In the last few decades, he continued, management, as a profession of choice, has increased manifold, and this demand has been supplemented by private business schools in addition to the efforts of IIMs, and other premier government-run business institutes.
Coming to Odisha, he said that in Odisha, the landscape of higher education has undergone significant advancements since the year 2000. The state witnessed a surge in university establishments, expansions in course offerings, and infrastructure improvements across all streams of education.
He further said that Odisha’s higher education sector has witnessed exponential growth through flagship initiatives like 5T. The state has steered its higher education ecosystem towards a new era of progress.
Saying that this institute will add another feather to our cap in higher education, he hoped that the NMIMS would contribute to strengthening the educational ambiance in the state and would provide support for societal causes as well.
Higher Education Minister Atanu Sabyasachi said that attracted by the vision of the Chief Minister, top institutes in higher education are now setting up their centers in Odisha.
5T & Nabin Odisha Chairman, VK Pandian was also present.
Among others, Jatni MLA Suresh Kumar Routray, and President of SVKM Trust Amrish Patel were also present
What started with baby steps in 1981, NMIMS has today emerged as a globally reputed university. Always socially conscious, the Shri Vile Parle Kelavani Mandal (SVKM) decided to cater to the rising demand for management institutes in the country. This led to the birth of the Narsee Monjee Institute of Management Studies (NMIMS). It began humbly by offering a two-year full-time master’s program in management studies with 4 full-time faculty, 3162 books, and an intake of 40 students above Bhaidas Hall, Vile Parle (West), Mumbai.
From its temporary location at Bhaidas Auditorium, NMIMS moved to a large complex of over 5,50,000 sq feet where it stands today as a landmark in the heart of Mumbai at Vile Parle, an affluent suburb of the city.
Built on this inspiring legacy, today, NMIMS stands proud as a Deemed-to-be University offering multiple disciplines across multiple campuses. What started as an institute in a small building has caught the attention of the world, thanks to its 17 specialized schools. More than 17000 students and about 750 full-time faculty members, 10 faculty members with Fulbright Scholarship and Humboldt International Scholarship for post-doctoral researchers are part of India’s most sought-after academic community. The consistent academic quality, research focus, faculty from top national and global institutes, and strong industry linkages at NMIMS have placed it among the nation’s prime centers of educational excellence and research today.