If reports from local media are to be believed then Orissa Chief Minister Naveen Patnaik has already green signalled to the expansion of XIMB to Balangir.
This will be the first top Management Insitution in Western Odisha (KOSAL).
Thanks to the efforts of A U Singh Deo, Minister Planning & Coordination, XIMB II will provide Post Graduate Diploma in Management(Rural Management)(PGDM-RM).
XIMB Director Fr.P T Joseph has taken all the initiatives to expand the institution in Western Odisha (KOSAL).
Mr.Singh Deo and Fr.Joseph held several rounds of discussion to make it happen during the month, said sources.
Then Mr.Singh Deo brought it to the notice of Chief Minister and Mr.Patnaik agreed immediately for the proposal.
Accordingly a High Powered Committee headed by S P Nanda, Development Commissioner was formed to scrutinize the proposal.
Jugal Kishore Mohapatra, Principal Secretary Finance strongly felt that under the new economic reforms regime there is a crying need to bridge the corporate sector and rural society.
And setting up of a MBA teaching institution at Balangir will go a long way in this regard, felt he.
HPC has decided to provide 25 acres land free of cost and XIMB has agreed to set its Rural Campus at Balangir.
XIMB has made an innovative departure by emphasizing the need to expand the use of management science to rural sector in the form of creating managers not only for corporate sector but also for the social sector.
The basic objective of introducing two years Post Graduate Diploma in Management (Rural Management) (PGDM-RM) course is to inject professionalism in the field of rural economy.
XIMB, which is running PGDM-RM courses here with 60 seats has decided to open 120 seats at Balangir Campus.
Kalikesh Narayan Singh Deo, MP Balangir has discussed the issue at length with Fr.Joseph.
In the meantime the Director XIMB has already visited Balangir to identify the land, which needs to be transferred to XIMB, said sources.