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In 1961, the Government of India setup two IIMs - One in
Calcutta and the other in Ahmedabad. The State Governments
provided the land for the campus, and other infrastructure
was developed by the grants provided by the Central
Government.Because of the success achieved by these Institutes and
the demand for more of such Institutes, the government in
1972 setup a third IIM at Bangalore and subsequently in
Lucknow (1984), Kozhikode (1996) and Indore (1998).
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