Under the proposal presented by IIM-Mumbai director Manoj Tiwari the satellite campus will provide courses in economics, accounting and finance, technology and data science and law and regulation at undergraduate, postgraduate and PhD levels and every discipline will have a synergetic relation with one or more. The campus will collaborate with other top institutions and financial organisations in the nation as well as abroad it added. The proposal included BS and MS programs but added that proposing UG, PG and PhD programs would allow the institute to participate in global academic rank listings and research collaborations. In keeping with NEP 2020 the statement emphasised flexible, multidisciplinary learning and strong research ecosystems.

The proposal mentioned that a world-class institution with the IIM tag could lure premier academics, regulators, investors and entrepreneurs to its campus.

Observing that the city has regulatory institutions like RBI, Sebi, BSE and NSE, besides being headquarters to top public and private sector banks, mutual funds and insurance firms, it said that creating a world-class finance and technology institution in Mumbai would be the country's anchor to global leadership in digital finance and plug the talent-policy-research gap.

IIM Mumbai director Manoj Tiwari called the plan exceptional, stating it will redefine the face of technology-based management education in finance and economics. This will also offer a chance for the government to open an institute to provide courses in new fintech areas. Additionally, considering the location near national regulatory bodies, training staff will be seamless. The institute would contribute to the creation of futuristic individuals in technology progress to meet the nation's growing need, he said. The plan also suggested an initial budget for the project. In the Viksit Maharashtra 2047 vision document, Higher Education Director Shailendra Deolankar stated that since the higher education sector is so dynamic and holistic, input should never be limited to a small group of state experts.  

As a result, the department is looking for suggestions from the public, parents, all stakeholders, state institutions and central institutions.