Visakhapatnam: Union HRD Minister Smriti Irani laid the foundation stone for IIM-Visakhapatnam at Gambheeram village in the presence of Union Minister of Urban Development M Venkaiah Naidu, Chief Minister N Chandrababu Naidu and others. A bill on IIM would be introduced in Parliament in the Winter session, the Union Minister promised, speaking at a public meeting organised after the stone laying ceremony. Admissions to IIM-Visakhapatnam are open from the academic year 2015-16. The IIM-Bangalore is the mentor institution for the IIM-V. The classes would be conducted from temporary premises on the Andhra University campus till the infrastructure is established.