Ranchi, March 10 The industry-led, non-profit organization, IFQM, stated on Tuesday that strengthening collaboration between industry and academia to achieve the goal of the 'Viksit Bharat 2047' vision is its critical national priority.
Conglomerates such as the Tata Group, Larsen & Toubro, Biocon, Boeing India, and Sun Pharma are founding members of the Indian Foundation for Quality Management (IFQM).
"IFQM is playing a crucial role in fostering these (industry-academia) partnerships to enable innovation, capability development, and a workforce ready for the future, aligned with India's long-term economic aspirations."
"IFQM has established structured collaborations with leading academic institutions, including XLRI Jamshedpur, BML Munjal University, SIOM Nashik, and NIT Jamshedpur, where specialized programs integrate industry interaction, real-world case studies, and experiential learning. These initiatives help align academic preparation with evolving industry needs," a statement from IFQM said.
In addition to these, IFQM has also partnered with institutions like BIT Sindri, SRMIST Chennai, and VelTech Chennai, as well as the JSS Academy of Higher Education and Research, enabling the integration of quality and excellence practices across diverse academic ecosystems.
It said a key initiative is the establishment of student-led Quality Clubs, which provide opportunities for live projects, internships, hackathons, and industry engagement.
This experiential exposure enables students to develop critical problem-solving skills and a quality-driven mindset, while creating a strong pipeline of industry-ready talent, it said, adding that IFQM also strengthens faculty capability through industry immersion and knowledge exchange, ensuring that academic instruction remains aligned with current industry practices.
"Deeper collaboration between industry and academia can bridge the gap between theoretical knowledge and practical application, ensuring that graduates are not only employable but also capable of driving innovation and excellence. At IFQM, we are committed to creating a collaborative ecosystem that supports India's journey towards Viksit Bharat 2047," said Soumitra Bhattacharya, CEO and Director, IFQM.
The non-profit organization said that the Viksit Bharat 2047 vision underscores the importance of strong institutional partnerships to accelerate innovation and global competitiveness.
In this context, deeper engagement between academic institutions and industry is essential to bridge the gap between academic learning and real-world application, ensuring that graduates are equipped with relevant skills and practical exposure.
"By fostering sustainable industry-academia partnerships, IFQM is contributing to the development of a skilled talent pool and strengthening India's capability to emerge as a globally competitive and developed nation under the Viksit Bharat 2047 vision," it said.
