No new IIMs to be set up for the next three years: MHRD

The Minister of Human Resource Development (MHRD) said, "There will be no new Indian Institutes of Management (IIMs) for next three years. We have to check the performance of the existing IIMs. We expect the better co-operartion between the old and new ones."

"The 11th five-year plan looked at quantity and that is why so many IIMs came up all over. But the 12th five-year plan will be looking at upgrading the quality at all these institutes, especially the new ones," said an official at MHRD.

According to sources, the established new IIMs which have a temporary campus, need permanent campuses and even the infrastructure for the new ones remains a big question to the MHRD.

Unfortunately, not all the IIMs are doing well and the new IIMs are not able to set high standards as expected. It takes years to set standards for the B-School.

Meanwhile, faculty for the new IIMs remains a question. Responsibility for appointment of the new faculty has been taken over by the mentor of the older IIMs.

The 12th five-year plan also envisages that all centrally-funded institutes will have to compulsorily adopt one community college for development of skills.

MHRD is concerned about the co-operation between the older and new IIMs. Some of the IIMs were established more than 50 years ago while some of them have less than three years of existence.

MHRD expects the existing IIMs have to co-operate with the newer ones to function as one team. They have to focus on providing quality education to all the students.

According to students, they are keen to get admission into the older IIMs only. This is mainly because, the older IIMs have already emerged as few of the best B-schools in the country, while the newer IIMs are still struggling to get into the top ranks.

You can read more education related news here..