The IIM’s new centre here would commence functioning from the academic year starting June.

“Already the process of recruiting expert faculty members has started. We have had overwhelming response and as many 365 applications were received for 12 positions of full time faculty”, the Director, Mr Prafulla Agnihotri, told reporters.

“Some applicants which we received were from the US, UAE, France and Philippines,” he said.

The board of governors had appointed special panels comprising experts in respective disciplines for the selection of faculty members, Mr Agnihotri said.

He said that it has been decided to admit 60 students in the beginning. The curriculum and course content are being prepared and a decision on fee structure would be made public before April-May 2011.

IIM-T had plans to introduce short-term courses addressing the needs of Small and Medium Enterprises (SMEs) in Tier-II towns and tailor made courses for any industry evincing interest in sending their executives to the institution, he said.

Mr Agnihotri said as many as 15 MNCs and large industrial houses had come forward to collaborate with the institution, which is the country’s 11th IIM. The collaboration would include providing exhaustive summer training, hands on experience to budding managers and educational choice through holistic, functional and relevant case studies.