The Union Cabinet has approved new IIM at Vizag along with Bodhgaya (Bihar), Sirmar (Himachal Pradesh), Nagpur (Maharashtra), Sambalpur (Odisha) and Amritsar (Punjab).
140 students will be admitted initially in the PG course in Management at IIM Visakhapatnam. The seats will be increased to 560 after seven years. There are 13 IIMs in the country in various States.
IIMs provide quality management education. The institutes are known for excellent placements from top rung companies. Admission into IIMs will be through CAT (Common Admission Test).
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