From NITIE to IIM Mumbai: Everything About The 21st IIM In the Country

Mumbai, India's financial capital is all set to get its own prestigious Indian Institute of Management (IIM) with the rechristening of the National Institute of Industrial Engineering (NITIE) as IIM Mumbai. This awaited news followed after both Houses of Parliament passed the IIM (Amendment) Bill 2023 on Tuesday.

With this, IIM Mumbai will be the 21st IIM in the country and the second in Maharashtra, after IIM- Nagpur which was first among the six new-generation IIMs established by the Government of India in 2015.

The reputed city institute made the much-awaited announcement through its Twitter post, which states,

“Both Houses of Parliament have passed IIM (Amendment) Bill 2023. The NITIE, Mumbai – well known for its techno-managerial strength and expertise in Supply Chain and Management, has been included in the Schedule of IIM Act.”

It continued, “NITIE will be renamed as IIM Mumbai. The long-cherished dream of having an IIM in Mumbai will be achieved. IIM Mumbai will be available to further improve the global positioning of the financial capital of India.” The IIM (Amendment Bill) 2023 replaces the IIM Act of 2017.

Among several changes, it states that the President of India will be the visitor of every institute with power to audit their functioning.

In July, the Union Cabinet approved the Bill amending the IIM Act which also includes upgrading the status of NITIE as IIM Mumbai. Earlier this month, Lok Sabha passed the bill and Rajya Sabha approval was pending.

A Brief About NITIE, Now IIM Mumbai

Located in Mumbai’s Powai, on the banks of Vihar Lake, NITIE has a campus spread across 63 acres of forested hilltop. Prior to becoming IIM, different infrastructural projects were already in motion at the institute.

The institute has already shown consistent improvement in NIRF rankings from 12th in 2017 to 7th in 2023.

Recently it changed its admission criteria slightly to ensure gender diversity on its campus by allowing candidates with a Master in Science (M.Sc) in Mathematics and Statistics to apply for the Post Graduate Diploma in Management (PGDM) offered by NITIE which admitted only engineers until now.

Some quick points about NITIE aka IIM Mumbai:

• NITIE's motto is "Udyog Pragati".
• NITIE (National Institute of Industrial Engineering) was formerly known as the National Institute for Training in Industrial Engineering.
• Located in the heart of Mumbai, surrounded on 3 sides by lakes and shielded from the hustle and bustle of the city by the lush greenery, is a beautiful campus that produces some of the best managers in the country every year.
• The students call it God's own campus and the world outside knows it as NITIE, and now IIM Mumbai!

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