Academic Institutions and Growth of Industrial Sector; Exploring the Broken Links and Their Consequences

The demand of a product or service satisfying the needs and wants of those living in a society,shall increases and the product no more needed shall become useless. Similarly the need for the products offered by academic institutions would remain high if they were designed according to the needs of the industries. Otherwise the product will be subject to rejection. Such a product can be either in the form of fresh graduates that will leave universities upon graduation or a service in the form of research and development that a university will provide. Industry needs to assess its demands and then look forward for better supply of inputs which can be in the form of trained and equipped management and developmental research activities. This will surely benefit industry in both the short and long run. Only then academic institutions and industry through participative and consultative approach can make progress in the relevant field.