Guwahati: Union Cabinet has approved the establishment of a new Indian Institute of Management (IIM) in Guwahati, marking the second such institute in the North East. The project will receive a central investment of ₹500 crore.
Assam Education Minister Ranoj Pegu, in a post on X, expressed his gratitude to PM Narendra Modi for the approval. He said the move brings immense hope for world-class management education in the region, adding that the institute will foster talent, promote entrepreneurship, and add fresh momentum to the North East’s growth journey.
The new IIM is expected to strengthen Assam’s higher education ecosystem, attract top academic talent, and boost economic development in the state.