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IIM-I sets up cell for enhancing Industry Academia ties

FPJ Bureau | Updated on: Friday, May 31, 2019, 05:36 PM IST

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Indore : To enhance the existing Industry Academia Partnership, an Industry Interface Cell (IIC) has been setup at Indian Institute of Management Indore.

The cell was inaugurated jointly by Divisional Commissioner Sanjay Dubey and IIM Indore Director Rishikesha T Krishnan, on Wednesday.

The IIC has been well-equipped to solve general as well as complex problems faced by the industries. The IIC provides a structured platform for continuous interaction with the industry.

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In his speech, Dubey noted that according to the industries; only 20 percent graduates are skillful and are capable of being employed.

“Since all this depends upon how closely a student knows the industry, all the institutes are trying to collaborate with some industry or the other, to help their students gain a practical knowledge.”

Dubey said that industries today want such graduates who are already having the basic knowledge about the work they would be doing. “This can’t be achieved till the institutes collaborate with industries.”

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Dubey also said that the knowledge repository which would help students learn about various companies should not only include success stories, but also failures, so that the students know what possibly go wrong.

Krishnan mentioned that IIM-Indore aims at being contextually relevant yet provide world class academics, making sure that students are constantly linked to various industries and are aware of the tools which would help them when they enter the industry.

“This is the main objective why IIC has been created.”

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He also noted that the institute now has five Professors of Practice who belong to various industries which helps the students to get to know the industry in a better way, learning from an experienced person. “We are hoping that IIT Indore and IIM Indore would be collaborating further, which would help us to create a strong industry interaction which has both technology and management,” he said.

Professor NMK Bhatta, Chairman, IIC noted that the purpose of the cell is to make sure that the institute gets closer to the industry, so that whatever is taught to the students becomes more relevant and they start to feel more compatible when they actually enter the industry.

Bhatta said: “We also plan to start an activity called ‘Startup Saturday’ wherein people from government, entrepreneurs or professionals would be called to share their experiences and tell the students what could go wrong or what could help them in their business plans.”

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Published on: Thursday, March 03, 2016, 12:22 AM IST