In the last few decades, India has experienced several shifts in the policies pertaining to the financing of higher education. These shifts include a move from public financing to keep pace with the expansion requirements of the sector; the strengthening of market forces in higher education both through privatisation of public institutions and operation of private institutions; and a move from the financing of institutions to the financing of students. The Centre for Policy Research in Higher Education (CPRHE) has initiated major research activities to understand how the recent changes have affected the financing of higher education in India and how the higher education institutions cope with and respond to these changes. India Higher Education Report 2018, the fourth volume in the series, presents this study to provide a comprehensive analysis of financing of higher education in India. This book investigates the changing dynamics and related key issues including state–market dynamics, university–industry linkages, foreign aid, institutional strategies to overcome shortages in funding, issues with self-financing courses, educational loans and fee reimbursement schemes, expansion and financing of private higher education.
Chapter 3: Towards Augmenting Resources: University–Industry Linkages
Towards Augmenting Resources: University–Industry Linkages
The country faces a dissonance and disconnect between higher education and its relevance to industry, a demand–supply mismatch as the economy is in need of more ‘skilled’ workforce as also the managers and entrepreneurs than the country produces annually. This need can be fulfilled by creating and operating suitable collaborative arrangements between Higher Educational Institutions and industries.
—University Grants Commission (UGC, 2015)
A well-educated pool of human resources is imperative for accelerating economic growth. Industry and business organizations require a highly skilled workforce to meet the demands of increasingly competitive and knowledge-based global economy. Improving quality and fostering excellence in our institutions of higher education are among the major challenges as ...