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Bengaluru has the second-best IIM but the IIT in Karnataka (Dharwad or whatever) is crap.
NLUD is on the backfoot as there is no IIM in Delhi. IITD is very good though.
Kolkata has the third-best IIM and IIT KGP is decent, so NUJS can benefit, but the brand value of all three are currently falling.
Good move and long overdue. NLUs must sign MoUs with the IITs and NLUs in their states. Next aim for NUJS should be an MoU with IIMC. Eventual goal should be joint degrees with both and a system where NUJS grads can be pushed into MBA courses at IIMC and VGSOM at IITKGP.