Indian Institute of Manangement, Kozhikode (IIMK), has embarked on a plan to create a museum of Indian business history. The museum will house business-related historical artefacts, objects, sculp-tures, models, photographs, documents, illustrations etc.

The objective behind the museum is to inspire the aspiring entrepreneurs and show them the path to success through innovative ideas, diligence and perseverance.

IIMK has requested around 100 CEOs and leaders of business houses including Tatas, Ambanis, Birlas for their contribution to the museum. Most of them are expected to contribute to the museum.

The Institute will formally open the museum on its Foundation Day in 2011. The initial investment for this project is estimated at Rs 1 crore, according to Prof Debashis Chatterjee, director, IIM-K.

"This is our endeavour to consolidate and conserve the rare treasure of India's invaluable wealth, the memorabilia of Indian Business History for our posterity," he said.

The Institute desires to feature in their museum, for instance, an original letter written by JRD Tata or a pen used by him that has had a significant impact on India's business history.