IIM-Ahmedabad Seeks Loan Of Rs 316 Crore For Infrastructure Expansion
The Indian Institute of Management in Ahmedabad (IIM-A) is planning to expand its infrastructure for accommodating 380 more students on its campus. For this, the premier business school has sought a loan of Rs 316 crore from the Higher Education Funding Agency (HEFA).
The list of infrastructural requests include a new academic complex, a state-of-the-art sports complex and sports field, and separate housing facility for teachers, students and staff.
Out of the Rs 316 crore, around Rs 89 crore is meant for the academic complex, Rs 27 crore for the sports complex and field, Rs 104 crore for student housing, Rs 58 core for faculty housing and Rs 39 crore for staff housing.
Erol D'Souza, Director of IIM-Ahmedabad, said, "In order to meet the growing need for well-trained and skilled professionals in various fields of management in India and abroad, IIM-A intends to expand the portfolio of programmes and also increase the intake of students in each programme. However, the institute feels constrained in doing so due to a shortage of academic and allied infrastructure."