With both the Houses of Parliament giving their nod to Indian Institutes of Management (Amendment) Bill 2023 in the ongoing Monsoon Session, the National Institute of Industrial Engineering (NITIE) in Mumbai, will be officially getting the new title of Indian Institute of Management, Mumbai (IIM Mumbai). In weeks to come, NITIE will join the illustrious family of globally renowned IIMs to become India’s proposed 21st Indian Institute of Management (IIM). NITIE is ranked 7th in the Management Category by National Institute Ranking Framework (NIRF) in 2023 and with its rechristened entity, the institute aims to be among India’s top three rankings.
This announcement comes as good news during the year when the institute is celebrating its Diamond Jubilee Year. Since its inception in 1963, NITIE has been offering management pedagogy of global stature. With a rare distinction of having the benefits of both an Indian Institute of Technology (IIT) and now an Indian Institute of Management (IIM), Mumbai is set to be a formidable hub of academics and entrepreneurship that will ‘fuel the nation’s young minds with bold ambitions’.
Shashi Kiran Shetty, Chairman, Society and Board of Governors, NITIE and Chairman & Founder, Allcargo Group has thanked the Prime Minister Narendra Modi and union Minister for Education & Skill Development Dharmendra Pradhan for this transformation. “Getting IIM recognition is a moment of immense pride for NITIE and Mumbai. NITIE has a reputation of excellence in imparting quality education in the fields of industrial engineering, engineering management and management sciences. Inclusion of NITIE in the IIM Act, 2017 will further encourage us to continue our journey of academic brilliance by nurturing a culture of continuous learning and innovation to build leaders of tomorrow. I would like to congratulate all stakeholders and well-wishers of NITIE for their faith and continued support. The acknowledgement will further strengthen our resolve to set up new benchmarks of learning excellence,”he added.
On the occasion, Professor Manoj Tiwari, Director, NITIE said, “The inclusion of NITIE in IIM Act, 2017 is the result of years of hard work, commitment and collaborative efforts of our facility, administration officials, management members, staff, alumni and students. The acknowledgement underlines our sustained endeavours to achieve academic excellence in the domains of industrial engineering, engineering management and management sciences, supply chain. It will inspire us to further elevate our academic offerings with deep industry insights and experience.”