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| Idco allots 35 acres for XIMB's second campus |
| Jayajit Dash / Kolkata/ Bhubaneswar Jan 14, 2010, 00:15 IST |
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The efforts of Xavier Institute of Management-Bhubaneswar (XIMB), one of the premier B-schools in the country, to find a patch of land in and around the city for building its second campus has finally borne fruit.
The Orissa Industrial Infrastructure Development Corporation (Idco) has allotted 35 acres of land at Pipili in the state's Puri district.
But XIMB is yet to take physical possession of this allotted plot due to some local problems.
“We are yet to take physical possession of the land alloted to us at Pipili due to some local issues. XIMB had already deposited the amount for land acquisition with the Idco in November last year”, a senior XIMB official told Business Standard.
XIMB had targeted to operationalize its second campus in the state by 2012, the year marking the silver jubilee of its establishment.
The institute had originally sought 100 acres for its proposed second campus and later scaled down its requirement to 60 acres.
Faced with a lot of hassles and inordinate delay in the land acquisition process, the institute has now settled for the 35-acre plot.
It may be noted that XIMB had started scouting for private land in alternative locations like Cuttack and Khurda owing to the delay in allotment of land by the state government.
The institute had also approached a few neighbouring states, seeking land for its second campus.
Meanwhile, XIMB has planned to roll out new sector specific courses from June 2010.
The institute plans to roll out one-year courses in Global Management as well as Banking and Insurance, with the intake for each of these courses being 60 seats.
Both these courses would be open to graduates in any discipline. The management institute hopes to get the approval of the All India Council for Technical Education (AICTE) soon for introducing these courses.
For rolling out the Global Management programme, XIMB has collaborated with the University of Antwerp, Belgium and the US-based University of Eastern Michigan.
The programme in Banking and Finance is an industry oriented programme and the institute has tied up with ICICI Prudential and Aviva Life Insurance Company Limited.
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