Rohtak (Haryana): North India's first Indian Institute of Management (IIM) will be set up in Garnavadhi village of Haryana's Rohtak district at a cost of Rs.2.5 billion.

Deepinder Singh Hooda, Rohtak's MP and son of Haryana Chief Minister Bhupinder Singh Hooda, said here Saturday that the campus of the Rohtak IIM will be larger than that of a university.

He said that youth from Haryana now need not go to other states to study management as the facility would now be available within the state.

He said the Haryana government had already put into place a policy to set up industrial estates in the Rohtak belt on the lines of Gurgaon and the proposed IIM and new industrial units will help youth get better jobs.

"I foresee that the future of this area will change after the IIM starts functioning here," Hooda said. IANS