New Delhi: After five years of working in a makeshift campus, Prime Minister Narendra Modi laid the foundation stone of the Indian Institute of Management (IIM) at Sambalpur in Odisha, one of the seven third-generation IIMs his government promised in 2015.
“The permanent campus of IIM Sambalpur will give a new identity to Odisha in the field of management,” the Prime Minister said in a virtual address, adding that the IIMs will pave the way for an “Atma Nirbhar Bharat”.
The foundation stone-laying ceremony comes close on the heels of the controversy surrounding the autonomy of IIMs. The ministry of education is understood to have initiated a discussion to dilute the autonomy of the institutions.
Apart from IIM Sambalpur, the third generation of IIMs that have come up in 2015 and 2016 also include an institute each in Nagpur, Jammu, Amritsar, Bodh Gaya, Sirmaur and Visakhapatnam.
‘IIM Sambalpur students should help local community’
The Prime Minister urged students of IIM Sambalpur to help the local community of Odisha grow, by utilising the knowledge they gain at the institute. He urged the students to “turn local into global”.
“To turn local into global, IIM students need to find new and innovative solutions,” he said. “I’m certain that our IIMs can act as a bridge between local products and global collaborations.”
Stressing on the need for ‘inclusive development’, Modi said students should focus on ‘Brand India’ while ensuring that their vision incorporates the less privileged sections of society.
‘Age of start-ups’
The Prime Minister also spoke of the growing start-up culture in the country and how graduates from management institutes can help take them to new heights.
“This is the decade of developing multinationals in India,” he said. “Today’s start-ups can become tomorrow’s multinationals. These start-ups are mostly starting in Tier-II and Tier-III cities in the country.”
“Management experts graduating in new areas of knowledge will help take these start-ups to new heights,” he added. “They will also help in giving global recognition to India. Despite Covid year India has given the maximum number of Unicorns this year.”