Guwahati, Aug. 19 -- The Lok Sabha on Tuesday cleared the Indian Institutes of Management (Amendment) Bill, 2025, paving the way for the establishment of an Indian Institute of Management (IIM) in Assam's Guwahati.

The Centre will provide capital support of Rs 550 crore for the project.

Once set up, IIM Guwahati will become the second IIM in the Northeast, after Shillong. Union Education Minister Dharmendra Pradhan introduced the bill, which was passed by a voice vote amid opposition protests over the issue of Special Intensive Revision (SIR) of electoral rolls in Bihar.

According to the draft legislation, the move forms part of the Special Development Package (SDP) for Assam, under which the Centre, the Assam government, and represent...