The Indian Institute of Management (IIM)- Mumbai (formerly NITIE) on Thursday unveiled its massive infrastructure revamp plan worth Rs 800 crore, aiming to transform the campus into a carbon net-zero facility while also doubling its student intake capacity.

The development comes as IIM Mumbai rapidly climbed to the 6th position in national rankings from the 29th spot within a year of transitioning from NITIE to an IIM. The announcement came on the institutes first foundation day and was marked by a groundbreaking ceremony paving way for the infrastructure upgradation on Teachers` Day.