The Indian Institutions of Management (IIMs) are institutes of management education and research that are under the purview of the government of India’s Ministry of Education. They mainly provide undergraduate, postgraduate, doctoral, and executive programs in Business Administration, as well as certain other courses. Jawaharlal Nehru, India’s first Prime Minister, launched the creation of IIMs at the suggestion of the Planning Commission of India. With about 20 states and union territories of India, the Institute has a genuinely national character. In addition, leading its contemporaries, the Institute has offered Management Development Programs for Senior Executives of Central Public-Sector Enterprises and for Faculty Development Program (FDP) for Management Professors at Public Universities in India.
The Indian Institute of Management Visakhapatnam (IIM-V) signed a memorandum of understanding with the National Institute of Business Management, Sri Lanka virtually in July 2021. The purpose of this MoU stands to strengthen the courses of NIBM by IIM-V through design, development, and delivery of programmes of contemporary interest for the students in Sri Lanka. The courses will be delivered by IIM-V faculty using the NIBM world-wide platform (Digital Campus). As part of this MoU, the first programme to be jointly initiated by both the institutes is the one-year ‘Diploma in Women Entrepreneurship’, aimed to nurture and develop entrepreneurial abilities in women. The Institute is poised to play a critical role in assisting women in transforming their creative ideas into successful inventions.