Bhubaneswar, Aug 28 - Union Human Resource Development Minister Kapil Sibal said Friday that the setting up of new IIMs won't dilute the brand image of these prestigious business schools.

Speaking to reporters in Bhubaneswar, the minister said that the seven new IIMs won't affect the existing institutions.

'The new IIMs would be of the same standard. The infrastructure and faculties would be of same standard in the new ones,' Sibal said.

The union government Thursday approved the setting up of seven IIMs to boost higher education in the country.

Four of the new IIMs will come up in Trichy (Tamil Nadu), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Rohtak (Haryana).