The Business Bytes
TBB BUREAU
SAMBALPUR, JANUARY 2, 2021
Indian Institute of Management (IIM) Sambalpur will make Odisha the hub of management education, said Prime Minister Narendra Modi while laying the foundation stone of its permanent campus virtually on Saturday.
In his address, the Prime Minister said, “With the laying of the foundation stone of IIM Sambalpur, we also lay the foundation of a new era for the youth of the country. I am sure that IIM Sambalpur will make Odisha the hub of management education. This decade will be devoted to the development of new Multinational corporations (MNCs) in India. Despite of COVID, India has given a number of unicorns this year. These are largely growing in tier 2 and tier 3 cities. Today’s startups are tomorrow’s MNCs. These startups need able managers and those passing out of this institution will lead the way.”
“With its core values of Integrity, Innovation and Inclusion, IIM Sambalpur will show the country the power of management education. It is the responsibility of the students at the institute to bring global recognition to ‘Brand India’ and encourage development and focus on inclusion of all. Students of IIMs must come up with new ways to turn local to global. I am confident that the efforts of IIM Sambalpur will contribute towards a ‘Atmanirbhar Bharat’,” he added.
Speaking on the occasion, Odisha Governor Prof. Ganeshi Lal, said, “Odisha and the entire Eastern India will lead India towards transformation, innovation and change. Students are the sustaining factor of the eternal values, ‘bhay se mukt aur bhav se jukt’. Odisha will be an engine for transformation of the country into a new India. I am sure, Odisha and entire Eastern India will lead India towards metamorphosis, innovation and change. IIM Sambalpur can transform the world through the management skills they impart.”
“In its five years, IIM Sambalpur has already proved its mettle as a premium management institute and excelled in its ways. IIM Sambalpur has been aspiring to be an Entrepreneurial Hub in the State of Odisha. It has signed MoU with the Ministry of Small and Medium Enterprises with emphasis on nurturing the entrepreneurial talent of the local weavers and agro-based business models. We look forward to working with IIM Sambalpur in areas of common interest,” said Chief Minister Naveen Patnaik.
Addressing the gathering, Union Education Minister Ramesh Pokhriyal ‘Nishank’ hoped that IIM Sambalpur will be renowned globally for its feats. “The students of the institute will not only become responsible citizens but will also become entrepreneurs who help in job creation. They will become brand ambassadors for India in the world. I am sure that IIM Sambalpur will ensure through entrepreneurship and innovation Hon’ble Prime Minister’s vision of USD 5 trillion economy and help in building an Aatmanirbhar Bharat,” he said.
Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan, said that IIM Sambalpur will become a hotspot of global economy. The institute will help in new economic model creation for the rich area of Sambalpur, he added.
Speaking on the occasion, Arundhati Bhattacharya, Chairperson, Board, IIM Sambalpur and former Chairperson of the State Bank of India, stated, “Our effort here is to go beyond giving degrees. Our ambition is that when the student leaves this Institute, they are more a mature entrepreneur with creative mindset and are employment providers to many others. Our new premises will imbibe the traditional architecture of Odisha and we are committed to ecological sustainability: to this end, our new premises will also be environmentally friendly and energy-efficient.”
In his welcome address, Prof Mahadeo Jaiswal, Director, IIM Sambalpur, said, “We work with Innovation, Integrity and Inclusion as our core operating principles. In line with the vision of the New Education Policy, IIM Sambalpur has embraced an innovative shift in its teaching learning pedagogy from teacher centric to learner centric. The concept of flipped classroom has been introduced by bringing industry live project to the classroom that increases student engagement and learning.”
The permanent campus of Indian Institute of Management Sambalpur is to be developed in an area measuring about 200 acres at Basantapur village near Goshala in Sambalpur. In Phase-I, 60,280 sqm built-up area under various buildings of the project shall be constructed.
The most striking feature of the campus will be the incorporation of regional art that creates a symbiotic relationship with the architecture. Odisha’s traditional IKAT — a patterned textile-dyeing technique — is mapped onto the brick facade with remarkable elegance, in colours similar to the soils of the state.
The 4-star GRIHA rated sustainable campus will follow energy efficient and ecologically sensitive principles of development. Domestic water consumption will be reduced by using Dual Flushing Cisterns, less water consuming urinals, showers, faucets, etc. The phase-I works will have major buildings like Administration Building, Faculty Block, Academic Block, Auditorium Block, MDP Block including Guest House, Library & Incubation Block, Hostel buildings, Mess & Dining Block, Shopping & Activity Block, Sports & Recreation with OAT, Faculty Residence and Staff Residence, Directors Bungalow, Community Centre and Site development work etc.
