The Institution Industry Cell is established in 2015 under the Industry Institute Interaction Scheme of the Ministry of Human Resources Development, Govt. of India with sole aim to understand industrial requirements of the region and act as bridge between academia and Industry. The cell has sofar conducted Business Plan Competition since its inception to cultivate entrepreneurship skills among students.
In light of the liberal economic and industrial policy industrial scenario is fast changing, Industries are compelled to compete with multinationals. The emphasis has shifted to quality products and well trained manpower to produce such products. There has been a greater need for industries to depend on technical institutions for R&D and for supply of highly qualified and skilled manpower. Retraining of the work force has become major activity for all industries. There is, thus a good opportunity for institute to interact with industries for mutual benefits. Recognising the above, following thrust areas have been identified:
Exchange of Experts between the Institute and Industry
Involvement of Teaching Staff in Industry
Institute to gain Confidence of Industry
Institute as a Consultant in R&D
Continuing Education Programme
Establishment of Linkages
A typical mode of interaction between Institute, industry and other organizations is presented in Figure.