State government of Maharashtra announce the proposed that Indian Institute of Management (IIM) will be set up in Nagpur, Maharashtra. It will be the first IIM in Maharashtra and will start working from 2015-16 educational sessions.
The management course in the country will not be more expensive as 41 year-old institute named "IIM-Bangalore" has raised the fees for its post-graduate programme (PGP) from Rs 17 lakh to Rs 18.7 lakh.