Abstract
We have been talking of the necessity of interaction between Institution and Industry for the last more than one decade, and still little has been achieved in this direction. The world has been moving so fast that today not merely interaction, but meaningful and effective partnership is the need of the hour. Economic reforms, globalization and World market to which our industry stands exposed today compel us - the Industry and the Institutions - to move closer and enter into a partnership so that we can face the fierce competition in the world market and survive. If this partnership is not forged, foreign companies will take over our economy and thereby control our politics, as well. Hence Industry Institution Partnership is advocated. It is suggested that the only effective and meaningful way for Industry is to establish a private technical University and all Engineering colleges should get affiliated to it. This will ensure a perfect partnership between Industry and Institutions and this will make a substantial contribution to the performance of the Industry even in the global market, as well.
