IIM

The decision to set up an IIM was announced after Union minister for human resource development Arjun Singh, held a meeting in Shillong a few years ago.This proposed seventh IIM in the country will have a two-year post-graduate programme in business management with nearly 150-odd students in the first year.Shillong, known as the educational capital of the Northeast, had to face stiff competition from neighbouring Assam for the institute. Meghalaya was granted the IIM as Guwahati has an IIT.The total budget for the temporary campus has been estimated at Rs 1.75 crore. The Union government has not released any funds for the project so far. The state has undertaken the construction on reimbursement basis and nearly 70 per cent of construction for residential quarters and student hostels is complete.The proposed premier business school will start classes from the next academic year.