Indian Institute of Management Tiruchirappalli (IIM Trichy) will establish its own campus with an investment of Rs 300-350 crore. It is also planning to increase its capacity to more than double. The institute, which was launched in June 2011, currently has its premises in National Institute of Technology (NIT), Trichy.
According to media reports, the institute is planning to commence construction works in next three months and start operations on the new campus after 18-24 months. The director of Institute- Prafulla Agnihotri said, "The funding for the construction of new campus is available from Human Resource and Development ministry."
He informed that the capacity is expected to increase to 130 students in first year and another 130 students in second year of the programme along with another 10-15 PhD students per year. Foundation stone for the IIM Trichy was laid at Mathur, near Trichy in January, 2011, on 172 acre of land provided by the Government of Tamil Nadu.