New Delhi, India – In a significant move aimed at boosting the education sector in Northeast India, both houses of Parliament have passed a bill to establish an Indian Institute of Management (IIM) in Guwahati, Assam. The Rajya Sabha approved the Indian Institutes of Management (Amendment) Bill, 2025, on Wednesday, a day after it was passed by the Lok Sabha. The Union government has committed a capital support of ₹550 crore for the project.
Union Education Minister Dharmendra Pradhan, while replying to the discussion on the bill in the Rajya Sabha, highlighted that this will be the 22nd IIM in the country and the 9th to be established under the Narendra Modi-led government in the past 10 years. Pradhan expressed his gratitude to Assam Chief Minister Himanta Biswa Sarma for his efforts in securing approval for the institute. He stated that IIM Guwahati will “certainly create a bigger scenario for the entire Northeast.”
The establishment of the IIM in Guwahati is part of a special development package for Assam and is a result of a Memorandum of Settlement (MoS) signed between the central government, the Assam government, and representatives of the United Liberation Front of Assam (ULFA). The bill aims to grant the new IIM the status of an institution of national importance.
The new institute will be the second IIM in the Northeast, following IIM Shillong, which was established in 2007. According to officials, the institute will be mentored by IIM Ahmedabad, with classes expected to begin this year from a temporary campus. The permanent campus will be set up at Palasbari, near Guwahati, in the Kamrup district. The bill states that the institute will receive the ₹555 crore corpus fund over five years and is expected to become self-sufficient through its own revenue generation after that period.