This would be the own campus of IIM-Amritsar, the 15th Indian Institute of Management in the country, which has been so far operating from a temporary facility.
Jaitley said the government and private companies will have to join hands for taking the education sector forward in Punjab.
Stressing that 55 per cent of people are engaged in agriculture, Jaitley pointed at rising unemployment in the farm sector which has forced people to look at other sectors for income and stressed on the need for good quality education.
He also said that the government’s efforts to develop the premier institute in Punjab will encourage more educational institutes to set up campuses in the state.
“Education and agriculture will have to go hand in hand as we have seen in other countries like Japan and South Korea… Government and private institutions both will have to contribute for development of education in India,” Jaitley said.
The Union Minister also highlighted the contribution of Narendra Modi government in bringing reputed institutions like the AIIMs and IIMs to Punjab.
The new campus of IIM-Amritsar, which commenced its first batch last year out of a temporary facility, will be built on a 60-acre land in Manawala on the National Highway-1.
Union Human Resource Development Minister Smriti Irani, Punjab Chief Minister Parkash Singh Badal and Deputy Chief Minister Sukhbir Singh Badal also attended the event.
PTI