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IIM Visakhapatnam has started its operations recently. It is the fifth central institute to begin operation in AP after several leading institutes which have started this year.
The premier education college being located in a sunrise State headed by a Chief Minister with a vision is becoming a first choice of the IIM aspirants ahead other institutes.
IIM-V is the fifth central institute to begin operation in the State after IIT, IIIT, NIT and IISER this year.
According to the Hindu, after Inaugurating IIM-V, HRD Minister Ganta Srinivasa Rao said institute should make best use of the public sector units in the district and encourage entrepreneurship among the students.
He also pointed out that IIM –V should play a major role in attracting private sector units to the district, as the environment was conducive for the setting up of new industries.
“Industrial development will be a boon for both State and the institute,” he said.
Director of IIM-Bengaluru Sushil Vachani said: “IIM-B will continue its mentorship till the new institute has its own director and faculty staff and is capable of running on its own.”
“Till such time, the faculty members from IIM-B will be posted here term wise. Even the career development cell of IIM-B will take care of placements of the students from IIM-V,” he said.
The summer internship programme for 2016 had already been decided and the students from IIM-V would be leaving for Bengaluru for their selection in October, he said.