The Indian Institute of Management, Tiruchirappalli, has formally acquired 172.27 acres of land owned by the Bharathidasan University to construct own buildings at Chinna Suriyur near here.
A Memorandum of Understanding (MoU) to transfer the land was signed between the officials of the IIM and the BDU in Chennai on Tuesday. Prafulla Agnihotri, Director, IIM, Tiruchirapalli, and Ramganesh, Registrar-In-Charge, BDU, inked the MoU in the presence of Hemant Kumar Sinha, Secretary, Higher Education, and V.M.Muthukumar, Vice Chancellor, Bharathidasan University.
Just days after the signing of MoU, the IIM-T on Thursday commenced the construction work at the site located near the Bharathidasan University.
A special puja was held to commemorate the construction activity. Jayashree Muralidharan, Collector, M.Damodaran, Chairman, Board of Governors, IIM, Tiruchi, Prafulla Agnihotri, Director, IIM, and Mr.Muthukumar took part in the function.
Mr.Agnihotri said the institute had already appointed an architect for designing the buildings. As per the master plan, about 75,000 sq.m. buildings would be constructed in the first phase . It would cost Rs.333 crore for creating infrastructure on the permanent campus. The amount has already been sanctioned by the Centre.
The Central Public Works Department (CPWD) would be the Project Management Consultant (PMC) for the works to be completed in the next 24 months.
Mr.Muthukumar said that varsity’s land had been transferred to IIM with the approval of State government. The university would offer all possible help to build the elite institute quickly, the V-C said.
