On 19th August 2025, the Lok Sabha passed the Indian Institutes of Management (Amendment) Bill, 2025, to set up a new Indian Institute of Management (IIM) at Guwahati, Assam. IIM Guwahati will be the 22nd IIM in India and the second in the Northeast after IIM Shillong. IIM Guwahati will be granted the status of an Institute of National Importance. The Centre has approved a corpus of about ₹555 crore for the first five years (2025–30). After this, the institute is expected to run on self-generated revenue.
The bill was piloted by Education Minister Dharmendra Pradhan and passed by voice vote in Lok Sabha.
The project is also linked to the Special Development Package (SDP) for Assam and the Memorandum of Settlement with ULFA (United Liberation Front of Assam), meant to boost education and economic development in the region.
The bill noted that until the first Board of IIM Guwahati is constituted under this Act, all powers and functions, which may be exercised or performed by or on behalf of such Board shall be exercised and performed by such person or persons as the central government may direct on this behalf.
With this, Assam will now host two top national institutes
