The Union Cabinet has approved the establishment of Indian Institute of Management (IIM) at Jammu. The institute will from a temporary campus at Old Government College of Engineering and Technology from 2016-17 academic year.

The project will involve a cost of nearly 62 crore rupees for initial four years. The student strength intake for this year in the Post Graduate Diploma Programme in Management is 54 which will progressively go up to a cumulative student strength of 120 in the 4th year. Meanwhile, steps would also be taken up for setting up campus at Jammu and an out-campus in Kashmir region.

The decision is a part of Prime Minister’s development package for Jammu and Kashmir. Our correspondent reports that the Institute coupled with opening of IIT at Jammu, modernization of NIT Srinagar and opening of two new AIIMS institutions, one each in Kashmir and Jammu region will go a long way in meeting the requirement of high quality living and education in the state.