IMI to invest Rs 50 cr on Bhubaneswar campus

International Management Institute (IMI), a New Delhi-based B-school, will invest Rs 50-crore in setting up its campus on 15.8 acres of land at Gothpatna on the outskirts of the city.

The IMI-Bhubaneswar campus which is coming up adjacent to the campus of the International Institute of Information Technology (IIIT)-Bhubaneswar at Gothpatna, would be the second campus of IMI in the country. Initially, IMI-Bhubaneswar would have an intake of 60 students for the Post Graduate Diploma in Management (PGDM) programme which will be introduced from July 2010.

To start with, there would be 10 full-time faculty members besides visiting faculty for the maiden PGDM batch of IMI-Bhubaneswar. IMI-Bhubaneswar would have a maximum student intake of 500 and a pool of 50 full-time faculty members once it is fully commissioned after four years. Addressing media persons here, C S Venkata Ratnam, director, IMI-New Delhi said, “We will commence our first PGDM programme at the Bhubaneswar campus from July 2010. The campus will be fully residential with a separate hostel for working executives.”

Students will have to pay around Rs 10 lakh for pursuing the full-time management programme which includes the cost of the hostel. Apart from PGDM programme, the Bhubaneswar campus of IMI would offer executive PGDM programme for working executives. Plans are also afoot to introduce a porgramme in services marketing.

“The IMI-Bhubaneswar campus will take cognizance of the growing criticism against B-schools in India and suitably re-engineer its curriculum to meet the emerging and future needs of the corporates in grooming business leaders for sustainable business”, said S Vasudeva, member, board of governors of IMI-New Delhi.