Bangalore: Ghaziabad-based Institute of Management Technology (IMT) has bought 30 acres of land in Shamshabad, near the new Hyderabad International Airport, to set up a new business school.
The project, which will cost about Rs38 crore, will be funded from internal accruals, said Dr Anwar Ali, director of IMT, Nagpur.
”We were interested in a presence in the South (India) and the Andhra Pradesh government invited us along with Jamshedpur-based, Xavier Labour Relations Institute and Mumbai-based, Narsee Monjee Institute of Management Studies,” Ali said.
The new IMT campus should be ready to start with a batch strength of 120 students in June 2010. Started in 1980, IMT currently has business school campuses in Ghaziabad, Nagpur and Dubai catering to some 970 MBA students.
Apart from this, it has 10,000 students enrolled on its distance learning programmes.