Indian Institute of Management (IIM) Nagpur formalized its partnership with the district administration by signing a Memorandum of Understanding (MoU) to establish the District Development Strategy (DDS) plans. The MoU was signed by Dr. Bhimaraya Metri, Director of IIM Nagpur, and District Collector Dr. Vipin Itankar. The signing ceremony took place in the presence of Deputy Chief Minister Devendra Fadnavis and Divisional Commissioner Vijaylakshmi Bidari.

As part of the collaboration, IIM Nagpur will provide guidance to District Collectors in formulating action plans and strategies to transform the Nagpur district into a preferred investment destination for the corporate sector. The institute will assist in enhancing capacities, identifying new opportunities, leveraging technology and data, and facilitating the allocation of funds, functionaries, and functions.

The current growth plan for Nagpur district involves budget allocation based on fund availability and department strategies. However, there is a need for a more cohesive approach that goes beyond conventional budget allocation and monitoring. IIM Nagpur's role as a consultant will help develop comprehensive action plans and strategies aligned with the growth vision, aiming for coordinated efforts, the convergence of results, and systemic advantages.

IIM Nagpur will work closely with the administration to develop a time-bound action plan, encompassing short, medium, and long-term objectives, initiatives, budget provisions, and timelines for execution and completion. The institute will prioritize action plans and programs in alignment with the priorities of the Government of Maharashtra and the Government of India. Additionally, IIM Nagpur will identify policy gaps that may hinder the growth agenda and bring them to the attention of policymakers in the state.

Through this collaboration, IIM Nagpur aims to contribute to the development of the Nagpur district by providing expertise and strategic guidance. The partnership emphasizes the need for concerted efforts, coordination, and collaboration to achieve the shared vision of sustainable and inclusive growth. By leveraging the resources and knowledge of both institutions, the development strategy for the Nagpur district is expected to be more effective and result-oriented.