Institution-Industry-Society–Bringing Together
- May 19, 2018
- Posted by: RSIS
- Category: Management
International Journal of Research and Scientific Innovation (IJRSI) | Volume V, Issue IV, April 2018 | ISSN 2321–2705
Institution-Industry-Society–Bringing Together
Dr. Bhagawan Reddy1, Dr. M. Rajendra Reddy2, A. Shiva Kumar3, K. Kranthi Kumar4
1Professor & Head, Research Centre (R&D), EEE, NMREC, Hyderabad, Telangana, India
2HOD, EEE, NMREC, Hyderabad, Telangana, India
3, 4Assistant Professor, EEE Dept, KPRIT, Telangana, India
Abstract: Engineering and Technology played a key role in the growth and development and enhancing the quality of life of the people though improved goods and services. Ever since the Industrial Revolution, investments in this segment has proved to be reliable engines of economic growth all over the world. It can also be observed that the countries which adopted a cohesive approach and spent more liberally on Research & Development (R&D) have achieved better dividends .The approach invariably included Institute-Industry Collaboration (IIC) as one of the key ingredients. India’s contribution in R&D stands at 0.8% of its GDP as compared to other Asian Countries like China, South Korea, Israel and Japan with 2.7%, 4.3%, 4.3% and 3.58% respectively (1)
This paper high lights the need for a reformatory approach in R&D in general and strengthening of the Industry-Institution-Society alliance in particular in the context of continued social challenges being faced in ensuring healthy food, safe drinking water, housing, Electricity, Transportation, Sanitation , health care , free education and clean environment to the masses at large. It is brought out that there is a dire need to have a prudent, affordable, sustainable and decentralized Institute- Industry Collaboration (IIC) rather than confined or semi-centralized R&D for the developing countries like India to achieve meaningful results though smaller but relatively voluminous and successful R&D interventions which can be termed as De-centralized and Expansively Enterprising Partnerships (DEEP) amongst Institute-Industry-Social Groups. The need of scientific gap analysis between the expectations of the stake holders, Intra disciplinary coordination and Institute to Institute (I2I) alliances are emphasized with due recommendations to rejuvenate the present scenario. At the end, the Institute-Industry collaboration activities undertaken and being planned by Nalla Malla Reddy Engineering College (NMREC) are put forth besides concluding remarks and action points.
Key words and Acronyms: Industry- Institute Interaction (I2I), Industry institute collaboration (IIC), Research and Development (R&D), Gross domestic product (GDP), knowledge sharing, innovation, National Association of Software and Services Companies( NASSCOM) ,Indigenization, Make-in-India, Memorandum of Understanding (MOU),adoptability ratio , All India Council of Technical Education (AICTE),University Grants commission (UGC), Ministry of Micro ,Small and Medium Enterprises (MSME) ,Centre for Monitoring & control of IIC activities(CMC-IIC), Small Scale Enterprise Resource Planning Solutions( SS-ERP)
