Role of Industry in Developing the Education System

Higher education serves several important functions in the society, the most important being production of knowledgeable individuals who will contribute to the society. However, many of the Indian universities do not fulfil this purpose. The demands of skilled and specialised manpower from the industry are not being met, as majority of students lack the necessary skill sets required by the industry. In recent years, a major concern of higher education planners and academics, the world over, has been linking universities and other research institutions with industries. Universities can enhance the value of products in the form of knowledge; industry can augment the university's value in the form of funds. In India, way back in 1986, the National Policy on Education (NPE) highlighted the need for university-industry interaction. In my paper, I would be concentrating on this need of interface between the industry and education institutes. Also, on innovative ways and means of improving and making the interaction more effective