Hyderabad, July 20 -- The Ministry of Education has confirmed that it received a formal request from the Telangana government for the sanctioning of an Indian Institute of Management (IIM) in Hyderabad, even as the state continues to be among a handful in the country without one of the premier management institutes.

Union Minister of State for Education Dr Sukanta Majumdar disclosed the Lok Sabha on Monday, July 20, responding to a question raised by Congress MP Mallu Ravi on the establishment of an IIM in Telangana.

Majumdar told the House that the Centre periodically sets up new institutions of national importance, including IIMs, factoring in regional balance and resource availability. There are presently 22 IIMs functioning across 2...