According to latest reports, the famous Andhra University would be playing host to the prestigious IIM Vizag which is all set to commence activities from the next academic year. The government has reportedly decided to start the institute as soon as possible in the backward region. This was offered as post-bifurcation sop from this academic year, but was delayed and would now start next academic year. Currently, there are nearly 13 IIMs in India while six more would be coming up in 2015. They would be set up in Andhra Pradesh, Bihar, Odisha, Maharashtra, Punjab and Himachal Pradesh. A five-member team from Centre recently visited Anandapuram mandal and in the meanwhile it was decided to provide temporary accommodation for the IIM on AU campus. This has made the region proud of housing such a prestigious institution. The varsity had already allocated a new building which was constructed with donations from Andhra Bank. Once the IIM starts functioning, it would create a tremendous scope of development in that area. 

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