IMB plans Rs 12 crore campus in Bhubaneswar

Institute of Management, Bhubaneswar (IMB) plans to invest Rs 12 crore in setting up its new campus, spread over an area of seven acres, located about 5 km from the city.

Talking to Business Standard, SK Nayak, director of IMB said, “We have already taken possession of seven acres of land near Bhubaneswar for our proposed new campus. Construction work for the new campus of IMB, to be developed at an investment of about Rs 12 crore will resume soon and the whole campus will be operational by early 2010.”

IMB is also aiming to roll out two sector-specific management programmes from the next academic session. These programmes include Post Graduate Diploma in Management (PGDM) in banking, insurance and risk management and a PGDM in sectoral analysis and portfolio management. Each of these courses will be of two years duration and will have an intake of 30 seats.

“For the proposed PGDM programme in banking, insurance and risk management, IMB is looking to tie-up with State Bank of India and ING Vysya. These corporate entities will help us in preparing the course curriculum of the programme and also offer practical industry exposure to the participants of the programme”, Nayak added.

IMB is also in the process of collaborating with two US-based universities namely, Murray State University and University of Alaska Fairbanks. The tie-ups with these two overseas universities is being planned for student and faculty exchange programmes and also to offer dual degree management programmes to the students , said Arya Patnaik, chairman of IMB.

Talking on placements, Sushant Nanda, dean of IMB said, “About 30 companies visited the IMB campus last year which includes IDBI Bank, HDFC Bank, Birla Sun Life Insurance, HSBC and Indus Ind Bank to name a few.”