The classes would be held temporarily from the Andhra Bank School of Business in the premises of Andhra University. The institute's own campus, which would take a few years to come up, is being readied on a 300-acre site at Gambheeram, 30 km from Visakhapatnam.
For now, the institute will offer IIM-Bangalore's flagship two-year PGP (post-graduate programme) in management, which will be delivered by the faculty of IIM Bangalore. The programme was inaugurated today and will be followed by a week-long orientation.
IIM-B faculty have designed the academic programme and would provide mentorship to the new institute. They would be available to the students of IIM Visakhapatnam for interaction and discussion. "IIM-B alumni will provide mentoring support and we will leverage our industry connections to ensure that the students at IIM Visakhapatnam enjoy as holistic and transformative a learning experience as their peers at IIM Bangalore," said an IIM-B spokesperson.
Dr Sourav Mukherjee, Dean, Programmes at IIM-B, is the nodal officer for IIM-V.