New Delhi, Apr 27: After asking the Government for an interim freeze on fees for the courses offered by the IIMs, a review committee is set to recommend a series of steps on the functioning of the premier institutes keeping in view the demands of the growing economy.

"Fee revision is not the only issue that we are considering. The main issue is to study the functioning of the IIMs and recommend the changes required in view of the demands of the growing economy," Committee Chairman R C Bhargava said.

He said the committee has been constituted by the government after a period 15 years to look into the overall functioning of the IIMs.

The last committee was set up in 1992. Prior to 1992, a similar committee was set up in 1977 with the agenda of studying whether the IIMs need to take up more activities or if any organisational changes were required.

"Now things have changed a lot. The economy is growing at eight to nine per cent. There is heavy attrition rate in the market. Each company is trying to attract the better professionals by giving huge salary. So we will study how to deal with the situation," Bhargava said.

The major problem faced by the industry is dearth of skilled manpower, he said. The demand for professionals has increased manifold over the years, he said.

"The IIMs are no doubt giving the required training to the people. But we will examine if the IIMs need to expand their activities and perform a larger role to impart required skill to people and enhance the human capital," he said.