The Union Cabinet chaired by the Prime Minister, Narendra Modi, recently approved the proposal to set upsix new Indian Institutes of Management (IIMs) in the country. These new IIMs will be located at Vishakhapatnam(Andhra Pradesh), Bodh Gaya (Bihar), Sirmaur (Himachal Pradesh), Nagpur (Maharashtra), Sambalpur (Odisha) and Amritsar (Punjab).