Industry-Academia Collaboration Key To Opportunities & Employability In The World Economy: A Case Study Of Higher Educational Institutions, India And Maruhachi Tent Corporation, Japan

Abstract

Academia and industry are two important pillars of our economy. A robust partnership between the two will bring the developing economy at par to the global standards, enabling Emphasis on skill-based education, workplace exposure through internships, blended learning, and embedding employability in higher education. To make India a global innovation hub, a constructive framework is the need of hour to grab the opportunities in the world, demanding collaboration between academia and industry across the globe. There are beginnings of a shift in this approach in India. Memorandum of understanding signed between Maruhachi Tent Corporation, Japan and 3 higher educational institutions from Maharashtra, India is an illustration of collaboration between academia and industry. This research paper is an attempt to understand the implication of Industry-Academia interface to quality higher education.