In the decade of developing multinationals in India, startups will be taking the lead and become multinationals of tomorrow said PM Modi at the virtual foundation stone laying ceremony of the Indian Institute of Management (IIM) at Sambalpur in Odisha. He further added that these startups are mostly starting out in Tier 2 and Tier 3 cities of the country.

“Management experts graduating in new areas of knowledge will help take these start-ups to new heights…They will also help in giving global recognition to India. Despite Covid year India has given the maximum number of Unicorns this year,” he added.

Speaking about the emergence of innovation, integrity, and inclusion as the key mantras in the field of management, he reaffirmed the importance of creating a self-reliant or 'Atmanirbhar Bharat'. The goal of a self-reliant India will also be achieved with the help of collaborative, innovative, and transformative concepts in management," Modi said.

The occasion marked the laying of the foundation stone of IIM Sambalpur, one of the seven third-generation IIMs his government promised in 2015 namely Nagpur, Jammu, Amritsar, Bodh Gaya, Sirmaur and Visakhapatnam. After working through a makeshift campus for five years, the premier B school of East India will be getting a permanent campus which will give a new identity to Odisha in the field of management said PM Modi.

In 2014 India as home to 13 IIMs and the number has increased to 20 now.

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