PUNE, known as the “Oxford of the East” but long deprived of IITs and IIMs, will finally host its first Indian Institute of Management. The Maharashtra government has approved the allotment of 70 acres of gairan (grazing) land at Moshi in Pimpri-Chinchwad for setting up IIM Nagpur’s satellite campus.

The decision was announced at a recent cabinet meeting, with Revenue Minister Chandrashekhar Bawankule confirming that the land transfer process will be completed soon.

Speaking to mid-day, IIM Nagpur Director Bhimaraya Metri said, “Pune is both a major manufacturing and IT hub. In today’s changing world, the focus is on upskilling and reskilling executives. Instead of industries coming to us, we are coming to them to cater to their needs.”