Indian Institute for Production Management (IIPM) was set-up by ICICI Limited in 1983 with active support from Larsen & Toubro Limited and Government of Orissa.IIPM has been organizing Training Programmes for Managers and Supervisors from India and abroad for last 28 years. 28000 participants from Indian industries and 1400 plus participants from 91 developing countries of the world have availed of the training facilities since the inception of the institute
The Institute started 'IIPM SCHOOL OF MANAGEMENT TO impart quality MBA PROGRAMME (Under AICTE, affiliated to BPUT-Orissa) in 2007. In this short span the Programme is voted to No. 6 position (by the Students of the University) besides few Govt. Institutes.