IIM Mumbai announces Rs 800 crore investment for campus modernisation, development

NEW DELHI: Indian Institute of Management (IIM) Mumbai has announced an investment of Rs 800 crores for its campus enhancement project. This investment will help towards modernising and developing state-of-the-art facilities on the campus. Following its rise to 6th place in national rankings just a year after its inception, the institute has launched a new initiative aimed at further enhancing its academic and research capabilities.

During the Teachers' Day celebration, Shashi Kiran Shetty, Chairman of the Board of Governance at IIM Mumbai and Founder and Chairman of Allcargo Group, inaugurated the new facilities. He highlighted the institute’s commitment towards driving innovation and excellence, particularly in areas including Artificial Intelligence (AI) and technology.

He emphasised the importance of creating an environment that enables students to thrive and explore cutting-edge advancements in these fields.

Commenting on the occasion, Shashi Kiran Shetty, Chairman, Board of Governance, IIM Mumbai and Founder and Chairman, Allcargo Group said, “The initiative to upgrade the campus is a part of our goal to develop a 21st century infrastructure capable of exceeding the global standards. Thanks to the prestigious IIM tag and the strategic location of the campus in Mumbai, the institute has started attracting faculty and students across the world. With state-of-the-art infrastructure, excellent faculty and best-in-class pedagogy, IIM Mumbai will emerge as the best management institute in the world, producing best in quality leadership and entrepreneurship.”

The institute hosts more than 1,200 students and is ranked among India's top B-schools. "We are confident that this project will continue to receive strong support from leading companies through their Corporate Social Responsibility (CSR) funds. This effort underscores the respected role of Indian leadership in driving progress not only within the country but also on the world stage", Shetty added.