Parliament passes bill to set up IIM Guwahati, Rs 555 crore investment

New Delhi: Parliament has cleared the way for the establishment of a new Indian Institute of Management (IIM) in Guwahati, with the Rajya Sabha passing the Indian Institutes of Management (Amendment) Bill, 2025 on Wednesday. The Lok Sabha had passed the Bill a day earlier.

The legislation, which provides for the setting up of the 22nd IIM in the country, envisages capital support of Rs 550 crore from the Union government. The Opposition staged a walkout after the Bill was introduced in the Rajya Sabha.

Replying to the discussion, Union Education Minister Dharmendra Pradhan said this will be the ninth IIM to be established under the Narendra Modi-led government in the past decade. He clarified that the new IIM in Guwahati will be built at an investment of Rs 555 crore.

Pradhan expressed gratitude to Assam Chief Minister Himanta Biswa Sarma for pressing the case for an IIM in the state and underlined the significance of the project for the region. “I am happy today with the way the Northeast is emerging. Our Prime Minister Narendra Modi is solidly behind the Northeast… IIM Guwahati will certainly create a bigger scenario for the entire Northeast, especially Assam and Guwahati,” he said.

This will be the second IIM in the Northeast, after Shillong. The Guwahati institute, designated as an institution of national importance, forms part of the special development package extended to Assam.

With PTI inputs