Prime Minister Narendra Modi on Saturday inaugurated the permanent campus of IIM Sambalpur. The grand campus of the Indian Institute Of Management–Sambalpur has been built by the Education ministry with an outlay of Rs 400 crore. “Sambalpur IIM has achieved the distinction as a leading educational institution of the country during the last ten years,” said union education minister, Dharmendra Pradhan.

According to the official press release, the permanent campus is located in Basantpur, on 200-acre land. The foundation stone for the institute was laid on January 2, 2021. The campus was designed and supervised by DDF Consultants in association with NBCC India. The campus has multiple lecture halls, video conferencing facilities, and eleven hostels with accommodation for 600 students.

After unveiling 18 projects in the state, the prime minister said, "These projects will benefit the youth of Odisha and will create employment opportunities. The Centre is supporting Odisha in every sector." The development works, which are either being inaugurated or for which the foundation stones are being laid, will give a significant boost to the state's progress, he said during the function.

"Today is a significant occasion for the development journey of Odisha as development projects worth nearly ₹ 70,000 crore are launched," PM Modi said.

Speaking after inaugurating the IIM, Sambalpur campus, he said when an institution like this gets a modern campus, it leads to several benefits.

"Students from all over India will come here to study. It will also improve the local economy and make Sambalpur a hub for learning," PM Modi said The PM also claimed that the eastern state has greatly benefited from the policies made by the central government in the last 10 years.

He asserted that the goal of "a Viksit Bharat can only be achieved if all the states are developed".