Lok Sabha Greenlights New IIM in Guwahati with Rs 550 Crore Boost
The Lok Sabha has passed a bill to establish an Indian Institute of Management (IIM) in Guwahati, supported by Rs 550 crore from the Union government. This move aims to bolster the educational infrastructure in Assam and promote regional development. The bill was passed amid political protests.
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- India
The Lok Sabha has moved forward with the establishment of a new Indian Institute of Management (IIM) in Guwahati, following the passage of the relevant bill on Tuesday. The Union government has pledged capital support of Rs 550 crore, marking a significant step in advancing education in Assam.
The Indian Institutes of Management (Amendment) Bill, 2025, introduced in the midst of ongoing opposition protests concerning electoral roll revisions in Bihar, was successfully passed. This new institution will be the second IIM in the Northeast after Shillong.
Beyond enhancing educational prospects, the establishment of the IIM in Guwahati is part of a broader Special Development Package that includes all-round regional growth. The initial governance of the IIM will be managed by appointed representatives until a formal Board is constituted.
(With inputs from agencies.)
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