Source: The Times of India Bengaluru July 7, 2011

BANGALORE: The Indian Institute of Management-Bangalore (IIM-B), the country's third oldest IIM, will spread its wings to Anekal.

The state government has leased 110 acres for the second campus of IIM-B at Mahanthalingapura in Anekal taluk (Jigani hobli), which will be the hub of future expansion activities of the 38-year-old B-school.

The new campus __ almost the same size as that of the existing one in South Bangalore __ will host IIM-B's proposed incubation centre aimed at encouraging entrepreneurship besides executive education programmes. Unlike IIM-Ahmedabad and IIM-Lucknow which have opened campuses in other states, IIM-B says it doesn't favour having split campuses in other Indian cities.

"IIM-B is strongly embedded in Karnataka as we believe we can add value when we are in one place. Many chief ministers have invited us to set up campuses in their states but we feel that Karnataka is an exciting place to be and having a campus in Bangalore is good for our economy. Split campuses bring with them the problem of splitting resources, especially faculty," Pankaj Chandra, IIM-B director, told TOI.

The director says the institute will take about two months to firm ups its plans for the second campus. "The new campus will be developed keeping in mind the institute's vision and growth plans for the next 50-100 years. We will definitely be adding more programmes, students and faculty at the new campus. There will be an extensive entrepreneurship activity which will rejuvenate the economy of the state," Chandra said.

Choked for space at its 100-acre campus on Bannerghatta Road, IIM-B was eyeing land in Devanahalli for its second campus as it offered better air connectivity. The state has now leased 110 acres of land for a 30-year period in Anekal, which is on its way to becoming the hub of management education. Management Development Institute-Gurgaon, another top B-School, will open a new campus on a 50-acre land next to the IIM-B. Alliance University __ Karnataka's first private university __ offering a bunch of management programmes, including one-year MBA __ has plans to expand its operations over a 105-acre campus in Anekal taluk.

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