Union HRD Minister Ramesh Pokhriyal Nishank on Monday laid the foundation stone for the campus of the Indian Institute of Management (IIM) in Amritsar's Manawalla.
The IIM campus would come upon 60,000 sq metres and have state-of-the-art facilities in the library, academic block and hostels, said Pokhriyal.
He said for the first stage of the construction, Rs 350 crore had been sanctioned. Pokhriyal said Rs 250 crore more would be allotted for it. The institute, which was established in 2015, is presently operating from Government Polytechnic College near the Guru Nanak Dev University campus.
The Shiromani Akali Dal (SAD) has urged the minister to dedicate the institute to Sikhism founder Guru Nanak Dev on his 550th birth anniversary.