IIM Mumbai Proposes Satellite Campus to Boost Digital Finance

• New campus to offer UG, PG, and PhD programs in emerging fields.
• Aims to align with NEP 2020 and India's knowledge economy goals.
• Location near RBI, SEBI, BSE, and NSE to foster real-world exposure.

IIM Mumbai has presented a proposal to the Maharashtra Government for setting up a new satellite campus in Mumbai or nearby.

The Department of Higher and Technical Education in Maharashtra is currently reviewing the proposal. The new campus seeks to enhance Mumbai's international standing in finance, policy, and digital innovation, while also promoting India's knowledge-based economy.

The planned campus will provide undergraduate, graduate, and doctoral programs in new fields like economics, accounting and finance, technology and data science, as well as law and regulation.

Its academic framework is tightly connected to the National Education Policy (NEP) 2020, which highlights innovation, flexibility, and interdisciplinary education in tertiary learning. The initiative will enhance research aligned with real-time industry requirements and policy issues.

The institute’s proposal aims for the new campus to be situated close to India’s main financial regulatory institutions, such as RBI, SEBI, BSE, and NSE. The geographical benefit will provide students with immediate access to policymaking, market trends, and institutional structures.

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Professor Manoj K Tiwari, director of IIM Mumbai, emphasized that this closeness will provide students with exposure and interaction with real-time policy, innovation, and industry structures that will enhance future leadership.

Reports indicate that Shailendra Deolankar, the director of Higher Education, has confirmed that the proposal is under review as part of wider educational reforms, with ongoing consultations involving academicians, industry leaders, and public stakeholders to guarantee the proposal is consistent with inclusive and future-oriented academic policies.

The satellite campus is positioned as a talent center for digital finance, regulatory affairs, and economic governance to aid in realizing the nation’s goal of a knowledge-based economy.