Shillong, Jul 2: Meghalaya Chief Minister Dr Donkupar Roy will inaugurate the first academic year of the seventh Indian Institute of Management (IIM), Shillong, classes of which will begin on July 4.
State Chief Secretary Ranjan Chatterjee told reporters here today that the new institute, christened the Rajiv Gandhi Indian Institute of Management (RGIIM), will get a grant for non-recurring expenditure of Rs 120 crore over a period of five years and Rs 45 crore for recurring expenditure over a period of six years.
The inauguration will be also attended by Chairman, Board of Governors, RGIIM, Prof RN Dutta, Chairman Headstrong Inc USA and Founder Member of HCL Arjun Malhotra, Principal Secretary to the Prime Minister T K Nair and RGIIM Director Prof Ashok K Dutta.
Initially, the IIM will offer the course in its temporary building at North Eastern Hills University's Mayurbhanj campus, Nongthymmai.
The institute will conduct courses with Post-Graduate Diploma in Business Management, fellowship programme in management, management development programmes, tourism and hospitality management, tele-services and telemedicine, information systems and technology and subjects of local relevance such as tourism, horticulture and hydel power.
Earlier, an IIM official said there would be 22.5 per cent reservation for Scheduled Caste and Scheduled Tribe students, while OBCs would get 27 per cent reservation, according to the Supreme Court ruling. Physically challenged students would get three per cent reservation.
Union Human Resource Development Minister Arjun Singh, who laid the foundation stone of the country's seventh IIM, had assured that there would be no dilution in the standard of the institute.