Kolkata: The oldest management institute in the country, the Indian Institute of Social Welfare and Business Management (IISWBM) in Kolkata, is on an expansion drive. IISWBM, which was set up by the Calcutta University senate together with then Prime Minister Jawaharlal Nehru, West Bengal’s chief minister Bidhan Chandra Roy Jand Dijendra Kumar Sanyal in 1953, will begin its new journey from the 2018-2019 session.
It plans to set up two new campuses at Rajarhat and Salt Lake, both on the eastern fringes of Kolkata. The Rajarhat campus will be spread over three acres while the Salt Lake campus will be set up in over 58 katha or less than one acre. India’s oldest B-school is set to become a university.
According a source , this is the first business school not just in India but south-east Asia. If this becomes a management university then there are several management schools and institutes scattered all over the state .
The education department has already started drafting the bill, which is being supported by CM Mamata Banerjee as well as education minister Partha Chatterjee, an IISWBM alumnus.
A management institute doesn’t receive large grants for its day-to-day operations. Once it is upgraded into a university, there will be adequate financial support from the funding bodies.
The upgrade to a university was first suggested by the chef minister in early August at the inauguration of St. Xavier’s University in Rajarhat.