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The committee pointed out the three IIMs were being manufacturing close to four hundred PGP graduates each year and they had arrived at their ideal capability. It proposed the opening of two more IIMs to fulfill the mounting need for management industry experts. In addition, it recommended increasing the Fellowship programmes, similar to PhD programmes, to satisfy the rising need for school in management schools in India. The fourth IIM, IIM Lucknow, was founded in 1984 depending on the committee's suggestion.
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