The financial capital of the country will finally get an Indian Institute Of Management. After several years, and many proposals later, the decision to give Maximum City the countrys top-brand business school was taken. Earlier this week, the central government decided to clear the decks to convert National Institute of Industrial Engineering to IIM-Mumbai, reportsHemali Chhapia. This will be Indias 21stIIMand Maharashtra will be the only state to have two IIMs, the other one being in Nagpur.
Mumbais tryst with an IIM started decades ago. The book The IIM-A story the DNA of an institution recorded that in 1955 the Cwntre appointed a panel and in 1957 a Harvard Business School panel recommended Mumbai as the location.