Formulation of New Dimension in Indian Higher Education through Industry Academia Interface

Mr Rajat Pathak; Dr Shivali Dhingra; Dr Anil Vashisht

Volume : V, Issue : VI, June - 2016

Formulation of New Dimension in Indian Higher Education through Industry Academia Interface

Mr Rajat Pathak, Dr Shivali Dhingra, Dr Anil Vashisht

Abstract :

 A productive interface between academia and industry, in the present times of knowledge economy, is a critical requirement. The industry academia interface is all about knowledge transfer and experience/technology transfer. Universities and industry, which, for long have been operating in separate domains, are rapidly inching closer to each other to create synergies. The constantly changing management paradigms, in response to growing complexity of the business environment today have necessitated these two to come closer. Indian Industry, after the liberalization, has become marginally more aware of the vital linkage between the education system and business and corporate productivity. Even with this awareness, its engagement with academia is tentative and ritualistic than real. Indian industry is myopically disengaged, if not wholly divorced from Indian academia. As much as management institutes aim to provide well groomed manpower to industry, the latter needs to involve in the affairs of the former for improving quality of manpower. There exists principalagent relationship between institute and industry. In fact, input of one is critical for the other.