New Delhi: The country’s 22nd Indian Institute of Management (IIM) is set to be established in Guwahati with an investment of Rs 555 crore, as Parliament cleared a Bill in this regard on Wednesday, with Union Education Minister Dharmendra Pradhan saying the new institution will start admitting students from the current academic year itself.

The Indian Institutes of Management (Amendment) Bill, 2025 was passed by the Rajya Sabha with a voice vote even as the Opposition staged a walkout soon after the bill was introduced. It was cleared by the Lok Sabha on Tuesday.

The bill to set up an IIM in Guwahati will go for Presidential assent after its passage in both Houses of Parliament. Assam goes to the polls early next year. Introducing the bill in the Rajya Sabha, Pradhan said setting up of IIM-Guwahati, with a central outlay of Rs 555 crore, will contribute towards making India the third largest economy in the world.

Later, replying to the discussion on the bill, Pradhan said this will be the 9th IIM to be established since Narendra Modi became the Prime Minister in 2014.

“From 1961, IIMs are functioning in the country. From 1961 to 2014, in 53 years, successive governments could create only 13 IIMs,” the minister said.

In 2013-14, across all 13 IIMs the number of students was 3,500. Today the number of students in 2024-25 is 9,800, which shows........

© News9Live