IIM-Ahmedabad to set up shop in Hyderabad

In a move likely to transform Hyderabad into a major education hub, the Indian Institute of Management, Ahmedabad (IIM-A), has decided to set up shop in the city.

The campus would come up in about 150 acres; its campus in Ahmedabad is spread over about 110 acres.

According to sources in the state government, the IIM-A board has formally decided to go ahead with the project in Hyderabad though the timeline and the investment are still not known. “We were informed unofficially that the board had taken a decision last week,” an official source told DNA.

The government has agreed to give away about 150 acres, either free or at a nominal price, to IIM-A. It would also offer a grant of about Rs100 crore.

There is no provision for an IIM in Hyderabad in the 12th Five Year Plan. To overcome this, IIM-A reportedly agreed to set up a seamless campus in Hyderabad, which means an extension of the existing campus in Ahmedabad and not a new campus.