An Indian Institute of Management, which was proposed for Punjab in the Union budget presented by Finance Minister Arun Jaitley, would be set up in Amritsar, Deputy Chief Minister Sukhbir Singh Badal said on Friday.
The decision to set up an IIM in Amritsar coupled with Union Finance Minister's announcement to include the holy city of Amritsar in the New Heritage City Development Yojna have given an impetus to development of the region, Badal said. "The step towards completion of the Kolkata-Amritsar industrial corridor would get the much needed impetus," he said.
The people of Punjab in general and Amritsar in particular were deeply indebted to the NDA government to have understood the religious and historical significance of the holy city, he said.
"The Union budget had spelt the end of an era of discrimination against Punjab at the hands of the Congress-led UPA," he said, adding that, "It is for the first time in a decade Amritsar and Punjab have got its due."