The institute, ranked as a fore-runner in the second rung of business schools in India, is contemplating buying five to ten acres at Kelambakkam, on the outskirts of Chennai.
The new facility is expected to cost Rs 20 crore, and the first batch of 60 students would be inducted in 2004.
BIM officials said that while the project was under construction, the institute's Chennai operations would be carried out from a temporary leased property in the same area.
M Sankaran, the director of BIM, said the upswing in the economy had started reflecting in the recruitment patterns of companies visiting our campus.
