The Institute has taken a major initiative for strengthening the country's intellectual infrastructure for management education and training, through the Faculty Development Programmes (FDP). Currently the Institute is offering one of the highest number of FDPs among business schools in the country, reflecting its commitment to nation building through management education and infrastructure development.

The programmes not only focus on enhancing functional area expertise, but also on improving one's classroom delivery both as a teacher and trainer; as well as on enhancing abilities for conducting meaningful research. IIMK is also conducting programmes in partnership with organizations like Strategic Management Forum and European Case Clearing House. The All India Council for Technical Education has recognized IIMK as a Quality Improvement Centre in November 2004.