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The stage is set for commencement of classes at the Indian Institute of Management, IIM, temporarily housed on the premises of Andhra University here.
According to G. Srinivasa Rao, the State HRD Minister, classes are likely to begin in t he third or fourth week of September. The permanent campus will be built on a 300-acre site at Gambheeram on the outskirts of the city and till then it will be housed in the Andhra Bank School of Business on the AU premises.
The building is being suitably modified according to the norms of the IIM, Bangalore, which is the mentor institute for IIM, Vizag. The intake in the first year will be 45 as against the usual 60 in other IIMs, as the required infrastructure has to be built up. In the Union Budget, for IIM, Vizag, Rs 50 crore has been allocated. Ultimately, a sum of Rs 600-700 crore may be spent on the institution over the next few years.
The Union Government has also sanctioned National Institute of Technology (NIT) at Tadepalligudem in West Godavari, where earlier this month Union HRD Minister Smriti Irani laid the foundation stone for the institution. It will have 480 seats. It is temporarily housed in Vasavi Engineering College and the permanent campus will be built at the town. A sum of Rs 300 crores is to be spent on the NIT, Tadepalligudem. NIT, Warangal, will be the mentor institute.
Classes have begun at IIT, Tirupati, for which IIT, Madras, is the mentor institute. The Union Government will spend Rs 700 crore on the permanent campus and other facilities for IIT, Tirupati, and also Rs 870 crore on the Indian Instiute of Science and Education Research coming up near the temple town.
According to Smriti Irani, more than Rs 3,000 crore will be spent in the next few years over the higher educational institutions coming up in AP. These were promised in the AP Reorganisation Bill, 2014, as most of the higher educational institutions are concentrated only in Hyderabad which will remain the common capital only for 10 years.
The Union Government has also promised a central university and a petroleum university and announcements have to be made on these two institutions. The Petroleum University may be located in East Godavari district as central team have already visited Kakinada and Rajahmundry for the purpose.
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