Lok Sabha Approves Bill to Establish IIM Guwahati

Quick Summary

• The lok Sabha has passed the Indian Institutes of Management (Amendment) Bill,2025.
• This bill establishes a new Indian Institute of Management (IIM) in Guwahati, Assam.
• IIM Guwahati will be added to the schedule of institutes of national importance (INI).
• A corpus fund of Rs 555 crore will be provided over five years (2025-26 to 2029-30). Further funding is expected to cease after this period as the institute becomes self-sustaining.
• With IIM Guwahati, there will now be 22 IIMs in India, including two in the Northeast: Shillong and Guwahati.
• Classes at IIM Guwahati are expected to begin this year from a temporary campus under the mentorship of IIM Ahmedabad; a permanent campus will later be constructed at Palasbari near Kamrup district.
• The initiative aligns with progress efforts under the Memorandum of Settlement involving India’s central goverment, Assam’s state government, and representatives from ULFA via a Special Development Package (SDP).

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Indian Opinion Analysis
The establishment of an Indian Institute of Management in guwahati marks another significant step toward promoting higher education infrastructure within India’s Northeast region-a region historically underserved compared to others in terms of premier institutions. This move not only strengthens educational opportunities but also aligns with broader developmental goals laid out by agreements such as the Memorandum of Settlement for Assam’s enhancement.

Funding for five years ensures an initial financial foundation while encouraging self-sustainability thereafter-an approach fostering efficiency among public institutions.Collaboration with established entities like IIM Ahmedabad as mentors further assures quality implementation during early stages.

Having two National Importance-status management schools in Northeast India could catalyze local talent retention and thus economic growth while addressing accessibility issues faced by students from remote areas aspiring for top-tier education.