Jammu is all set to get a new IIM as part of the Prime Minister’s development package for Jammu and Kashmir. For now, the IIM is at a temporary campus at Old Government College of Engineering and Technology. It will be managed by a society with a Board of Governors to be constituted by the Centre. An out-campus centre is to be set up in Kashmir later.

Setting up the IIM Jammu on the temporary campus is estimated to cost Rs 61.90 crore in the first four years. Fifty-four students will be taken in this year in the Post Graduate Diploma Programme in Management.

“This is a part of the Prime Minister’s development package for Jammu and Kashmir. The institute, coupled with the opening of IIT at Jammu, modernisation of NIT Srinagar and opening of two new AIIMS institutions, one each in Kashmir and Jammu, would go a long way in meeting the requirement of high quality living and education in the state,” the statement said.

At present, there are 19 IIMs. Out of these, 13 are located in Ahmedabad, Bengaluru, Kolkata, Lucknow, Indore, Kozhikode, Shillong, Ranchi, Raipur, Rohtak, Kashipur, Trichy and Udaipur. Another six IIMs which have started in 2015 are located at Amritsar, Sirmaur, Nagpur, Bodhgaya, Sambalpur and Vishakhapatnam.