ahmedabad indias premier business school indian institute of managementahmedabad iima announced a fee hike ranging from rs 19 lakh to 25 lakh for three of its flagship courses courses whose fees have been hiked include post graduate programme in management pgp pgpagri business management pgpabm and pgp for executives pgpx the new fee structure would be implemented from the next batch of 201517 iima director ashish nanda said for pgp and pgpabm which are both twoyear courses the fee will increase from rs 166 lakh to rs 185 lakh the oneyear pgpx course fee has also being raised from rs 215 lakh to rs 24 lakh for the batch commencing from april 2015 nanda announced during a press conference here today with this hike which came after a gap of two years iima has become the first iim in the country to hike its fee in two years nanda said to remain financially self sufficient the institute needs to raise its fees for pgp and pgpabm programmes the tuition fee hike is 10 whereas our administration costs are high due to inflation the cumulative fee hike for all three programmes is about 11 nanda said besides fees nanda also announced several innovations and changes in iimas existing programmes and admission rules effective from next year as per recommendations of the pgpabm review committee iima has decided to restructure it and rename it as pgpfabm food and agri business management from next year onwards pgpfabm programme chair vijay paul sharma said with the emergence of processed food industry in recent times the programme curriculum has been redesigned to address emerging needs of the food and agribusiness sector we are also opening up the programme to nonagriculture background students to make it more diverse in terms of academic backgrounds sharma said