The Lok Sabha has passed the Indian Institutes of Management (Amendment) Bill, 2025, to set up IIM Guwahati in Assam with a ₹550 crore grant, enhancing higher education in Northeast India.
Overview
The Lok Sabha recently approved the establishment of IIM Guwahati in Assam, a significant step towards providing quality management education in the North-Eastern region. The Bill includes a financial grant of ₹550 crore for the development of the institute.
Key Details of the Bill
- The Bill amends the Indian Institutes of Management Act, 2017, to include IIM Guwahati in the national management institutes’ list.
- IIM Guwahati will receive a central grant of ₹550 crore for its infrastructure and operational setup.
Significance of IIM Guwahati
- Union Education Minister Dharmendra Pradhan highlighted the strategic importance of Guwahati as an educational and economic hub for the Northeast.
- Establishing IIM Guwahati will ensure equal access to quality management education in the region.
- The institute will foster regional development by attracting talent and investments, contributing to inclusive national growth.
IIMs: A Growing Brand
India currently has 21 operational IIMs renowned for their excellence in management education, with increasing global recognition. The upcoming IIM campus in Dubai reflects India’s expanding influence in international higher education.
Parliamentary Context
Despite opposition disruptions, the Bill for IIM Guwahati’s establishment received bipartisan support in the Lok Sabha, highlighting the commitment to educational advancement amidst political challenges.
Strategic and Educational Impact
- The establishment of IIM Guwahati aims to strengthen management education infrastructure in Northeast India.
- It will encourage youth from remote areas to pursue professional education, fostering job creation and innovation.
- The institute will support entrepreneurial development and local enterprises through management expertise.
Key Takeaways for Competitive Exams
- IIM Guwahati is set to be established in Assam with a ₹550 crore grant.
- The institute will enhance management education in the Northeast region, promoting regional development.
- The Bill received approval in the Lok Sabha, showcasing bipartisan support for educational expansion.
- The IIM brand continues to grow with the addition of IIM Guwahati, emphasizing excellence in management education.
