Concept of Consortium of Engineering Colleges and Polytechnics for Effective and Result Oriented Interaction with Industry

Abstract

In my article published in the University News (22.5.1995) of AIU, New Delhi, entitled "Concept of University Company - UK Story - Possibilities in the Indian Context", I have strongly advocated for establishment of University Company in the University System basically to :- (i) work as a structured ·professional interface between the university and the industry and :-(ii) function, and do all commercial activities which the university in its present form and character as a non-profit making body cannot do and is not geared to do a professional job that a company with a professionalist to head as Manager, can do that. Such a concept need to be conceived at the national level so that suitable provision of exemption from the Income Tax and Sales Tax could be made for the company as the entire income would be transferred not to any individual or individuals but to a public institution called University which is already a non-profit making body.