IIM-Ahmedabad seeks Rs. 316 crore loan for mega infrastructure revamp; 5 things about India’s premier management institute, its plan.

Indian Institute of Management (IIM)-Ahmedabad authorities have chalked out a plan to have separate housing facility for teachers, students and staff, a new academic complex and a state-of-the-art sports complex and sports field. These will be part of their proposed 10 lakh square feet of academic and support facilities, according to Indian Express report. IIM-A has sought a loan of Rs. 316 crore from the Higher Education Funding Agency (HEFA) for this mega plan of expanding the infrastructure to accommodate 380 more students, the IE report says.
In a letter to Ministry of Human Resource Development, IIM-A director Erol D’Souza wrote that IIM-A intended to expand the portfolio of programmes and also increase the intake of students in each programme in order to meet the growing need for well-trained and skilled professionals in various fields of management in India and abroad. “However, the institute feels constrained in doing so due to shortage of academic and allied infrastructure,” D’Souza was quoted as saying by IE.
THE FINANCIAL EXPRESS