As the Indian Institutes of Management (Amendment) Bill 2023 got a nod in both houses, the National Institute of Industrial Engineering (NITIE) will be officially getting the new title of Indian Institute of Management, Mumbai (IIM Mumbai).
This will make NITIE Mumbai the 21st IIM of the country.
Shetty also clarified that all the students who are currently enrolled in any programmes at NITIE (nearly 1200 students) will get an IIM Mumbai certification upon graduation.
“Ultimately, we want to make IIM Mumbai self-sustained, therefore, we will work towards developing infrastructure that can accommodate increasing numbers of students and staff members, introduce new programmes, and research projects and form industry collaborations that will help students in their learning process.
“We will also review the current fees structure in due course of time,” Shetty added.
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