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3w ago

Modi Government Inaugurates New IIM Jammu Hostel to Advance Research Reforms

The inauguration underscores New Delhi’s push to pair campus expansion with streamlined research rules in a bid to fast-track India’s rise as a global innovation leader.

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Overview

  • Singh inaugurated a new four-block, 688-room single-occupancy hostel at IIM Jammu to boost student infrastructure.
  • Union Cabinet approval now allows vice chancellors to greenlight global tenders up to ₹200 crore, speeding up procurement of advanced research equipment.
  • Over 1,600 outdated rules have been scrapped and the General Financial Rules relaxed to reduce red tape and accelerate scientific studies.
  • The nuclear sector has been opened to private investment and the new National Research Foundation, backed by a ₹1 lakh crore fund, aims to attract corporate R&D.
  • India’s startup ecosystem now counts 1.75 lakh ventures creating 17.56 lakh jobs, and the country has climbed from 81st to 39th in the Global Innovation Index while ranking fourth in scientific publications.