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Union Cabinet approves Rs 401.9 crore for IIM-Sambalpur permanent campus

Located amidst hills and rivers, the temporary campus of IIM Sambalpur is functioning in a state of The art buildings at the Jyoti Vihar, Burla – the education hub comprising the Sambalpur University, an elite Medical and Engineering University.

IIM_Sambalpur

Recently, The Union Cabinet, chaired by Prime Minister Narendra Modi has cleared a proposal for the establishment of permanent campuses of seven new Indian Institutes of Management (IIMs) including IIM Sambalpur.

The Indian Institute of Management (IIM), Sambalpur will have a permanent campus by June 2021. Seven IIMs – Amritsar, Bodh Gaya, Nagpur, Sambalpur, Sirmaur, Vishakhapatnam and Jammu – were established in 2015-16 and 2016-17 academic sessions. These institutes are currently functioning from transit campuses. The total cost of these projects is estimated to be Rs 3,775.42 crore, of which Rs 2,804.09 crore will be spent on construction of permanent campuses of these institutes.

IIM-Sambalpur is currently operating from the transit campus at Sambalpur University and the State Government has identified 237 acres of land in Basantpur for its permanent campus. Construction of boundary wall is being undertaken now.

According to Ministry of Human Resource Development reports, Rs 401.91 crore will be spent on construction of the permanent campus of IIM – Sambalpur which would have infrastructure facilities for 600 students. An area of 60,384 sqm is demarcated for the purpose. The Cabinet has also approved recurring grants of Rs 5 lakh for each student per year for five years. The institutes are expected to meet their running/maintenance cost from internal generation of funds after a period of five years.

Director of IIM-Sambalpur Mahadeo Jaiswal said: “Some buildings at Sambalpur University are available from where we can run the IIM. Now, we have to sign a MoU with Sambalpur University. We will able to start operating from the university once they hand over a building to us. The government does not allow upgrading infrastructure in private buildings. We are not able to make any investment (at Silicon Institute)”

He added, “The faculty and students of the institution are not getting all the facilities at the present location is in an isolated place. Moreover, we are not able to attract the industries.”

Vice-chancellor of Sambalpur University C.R. Tripathy said: “The state government has already written to us about allotting a building to IIM-Sambalpur.

A building will be provided to the B-School. The hostel will also be provided to its students on our university campus.”

Construction of the permanent campus will be completed by June 2021. The permanent campus of the institute at is under possession and construction is expected to be finished in scheduled time.

Excellent links to reach Sambalpur are available from Bhubaneswar and Raipur via rail, road, and air. With Jharsuguda airport – an hours drive from the Institute – getting operational soon, and with the recently built Biju Expressway, connectivity is as good as it can get.

The work culture & environment, facilities along with the state of the art infrastructure makes IIM Sambalpur one of the best and unique places for knowledge, acquisition, dissemination and entrepreneurial experimentation.

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