With the Union Cabinet giving its approval for the establishment of six new Indian Institutes of Managements (IIM), Visakhapatnam, one among the six, is gearing up to start the first academic session from August this year. HRD Minister Ganta Srinivasa Rao, while talking to The Hindu on Wednesday, confirmed it.
IIM-Visakhapatnam is being mentored by IIM-Bangalore, and to begin with, classes will start at the Andhra Bank School of Business on Andhra University campus, till its own premise comes up at Gambheeram. According to an official from IIM-Bangalore, as mentor institute all the basic ground work for starting the institute on Andhra University campus has been completed and the final nod from the MHRD is awaited. As of now, it has been decided to start the academic session from August, the official said.
Andhra Bank School of Business in AU has a floor space of about 20,000 sft, and a team from IIM-Bangalore that visited the facility earlier, had finalised it. The permanent premises is set to come up on a sprawling 466-acre site at Gambheeram. A hill occupies more than 230 acres and in the rest of the area around 80 acres are fit for construction of buildings. According to Director of IIM-Bangalore, Sushil Vachani, the intake for the first year would be between 42 and 45 students.
First year intake to be between 42 and 45 students instead of 75
