"University-Industry-Interaction Vis-a-Vis Globalisation and Industrial Restructuring of Indian Economy"

Abstract

At a time when the industry has necessarily to go through a process of radical restructuring, it is desirable to take stock of the present status of the industry, its strengths, weaknesses, opportunities and threats (SWOT), from which a strategic action plan for its future growth development can emerge logically. In the US, good hi-tech products have seen the light of day only because the academia there was co-opted by American industry in its R&D pursuits. There is a constant flow of people between private industry and university laboratories. Professors are allowed to run their own consultancy practices outside of their academic responsibilities. This country's economic liberalization should lead to campus liberalization as well.