A STUDY ON CHALLENGES AND BEST PRACTICES IN ACADEMIA- INDUSTRY LINKAGES OF INDIA

  • Ms. Madhu Singh, Ms. Sonia Sharma, Ms. Reeta Budhani

Abstract

This study has been undertaken to examine the objectives, challenges and best practices of industry- academia linkages. Studies have shown the benefits of industry-academic collaborations for the students, faculty and industry partners. The dynamic forces operating within the industry-research institution linkages are analysed in this paper. The aim of this research paper is to outline what is the importance of industry- academia interface, popular ways of tying up industry- academia linkage through the efforts of Educational Institutions and through the efforts of companies and Globalisation of business scenario has created knowledge economy. In order to face current and future global challenges in business and industry, a country needs strong knowledge foundation. Industries don't just need educated manpower but they need smart, practical, skilled workforce that can survive and compete in the complicated global market. This paper has covered the importance, objectives of academia and industry collaboration, challenges facing India in Academia and industry collaboration compared to other developed countries of the world. It highlights the best practices that India needs to implement in order to achieve its advancement and also underlines current practices that are already being implemented. This paper argues that there is a great need for Industry-Academia partnership. Keywords: Academia – industry, interface, globalisation, collaboration.
How to Cite
Ms. Madhu Singh, Ms. Sonia Sharma, Ms. Reeta Budhani. (1). A STUDY ON CHALLENGES AND BEST PRACTICES IN ACADEMIA- INDUSTRY LINKAGES OF INDIA. ACCENT JOURNAL OF ECONOMICS ECOLOGY & ENGINEERING ISSN: 2456-1037 IF:8.20, ELJIF: 6.194(10/2018), Peer Reviewed and Refereed Journal, UGC APPROVED NO. 48767, 7(4), 27-30. Retrieved from https://ajeee.co.in/index.php/ajeee/article/view/3060