Union HRD Minister Smriti Irani lays Foundation stone of IIM-Visakhapatnam

Union HRD Minister Smriti Irani has laid the foundation stone for Indian Institute of Management (IIM)-Visakhapatnam at Gambheeram village of Visakhapatnam district of Andhra Pradesh.

Key facts

  • It is the first institution among the 11 Central premier institutions to be established in the state as per the provisions of the Andhra Pradesh Reorganisation Act, 2014.
  • IIM- Visakhapatnam will start its functioning from 2015-16 from the campus of Andhra University till the construction of campus is completed.
  • It should be noted that IIM- Visakhapatnam will be fourteenth IIM of the country.

Union Government is also planning to introduce a bill on Indian Institutes of Management (IIMs) in Parliament, in order to empower these public, autonomous institutes to award MBA degrees instead of postgraduate diploma certificates.

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Categories: India Current Affairs 2017States Current Affairs - 2017

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