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The Assam government requested the establishment of an IIM in the state, considering its geographical location and overall development needs.
Currently, there are 21 IIMs across the country. (Representational/File Photo)
The Lok Sabha on Tuesday passed a bill to establish the Indian Institute of Management (IIM) in Guwahati, with the Union government providing Rs 550 crore in capital support.
The Indian Institutes of Management (Amendment) Bill, 2025, passed amid noise in the Lower House, will facilitate the creation of the second IIM in the Northeast, following Shillong.
Union Education Minister Dharmendra Pradhan introduced the Indian Institutes of Management (Amendment) Bill, 2025, as the Opposition continued their protest over the issue of Special Intensive Revision (SIR) of electoral rolls in Bihar.
Following the bill’s passage through a voice vote, Lok Sabha proceedings were adjourned for the day.
According to the draft law, the Centre, the Assam government, and representatives of the United Liberation Front of Assam (Ulfa) signed a Memorandum of Settlement (MoS) for the comprehensive development of the state.
The establishment of an IIM in Guwahati, as an institution of national importance, is part of the Special Development Package (SDP) provided to Assam.
Currently, there are 21 IIMs declared as institutions of national importance, each specified in the Schedule to the IIM Act.
The Assam government requested the establishment of an IIM in the state, considering its geographical location and overall development needs.
The bill states that until the first Board of IIM Guwahati is constituted under this Act, all powers and functions that may be exercised or performed by such Board will be exercised and performed by individuals as directed by the central government.
Establishing an IIM in Assam will significantly enhance education and development in the region, providing students from the North Eastern Region of India with valuable opportunities to develop managerial skills, the bill stated. With this upgrade, IIM Guwahati will become the 22nd IIM and the second in the North-East. The city is already home to prestigious institutions such as IIT Guwahati, AIIMS Guwahati, and National Law University Assam.
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