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Collaborative Outreach by Industries to Promote Education and Employment Leading to Regional Development
Abstract
India is the third largest country in the higher education space with an unemployment rate of 4.8 percent. There is clear gap between academic deliverables and expectation from the employers and industries. Experimentation based learning is not leveraging actual knowledge as the process based learning happens while the candidate is on the job. The current employment greatly depends on the industry, academia, research and government sectors. To gain an entry in to each of these segments, the candidates need skillsets ranging from strong technical background, aptitude, communication skills, and working in teams. There are multiple ways through which the skill building is carried out by independent, government and industrial organizations. As an ecosystem, both academia and the industries should step forward to bridge the gap and utilize the human potential to the fullest to drive the growth of each industrial sector andthe region at large. This chapter outlines the outreach of industries through initiatives to bridge the gap between the academia and industry to promote regional growth. The opportunities, the gap that exists, various initiatives are discussed in detail.
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