My best critics are always pointing out that, the blogs are always concentrating on Technology (Specifically IT Sector). So I thought its time to thread the uncharted water.
I was planning to publish my new blog on ‘Internet of Things’ this week, but something else caught my eyes. So here it is…
As per the 12th Five-year Plan of India, Government is concentrating on the right plan for growth. Yes! Human Resources
As per this plan, India Government formed 3 bodies namely
- Research- Innovation-Entrepreneurship
- Skills & Employability
- Institutional Mechanism
The main aim for these are to allow big corporate to start their own Educations Institutions in Higher Education sector and to have a JV with premier institutions in India like IIT,IIM etc.
Enough with the Jargons I think…
So basically, the point is India is now opening up and getting the companies to mold the next generations ready for employment fresh from college. This will have many advantages
- No more cry for employment and complain about less scope since you will be enough trained by the end of your college days
- Lesser knowledge gap between fresher and experienced person & thus easy to get job
- Engineers will have firsthand experience in the need of the industry since they will be getting the curriculum tailor made by the Corporate who will be involved in that industry
- Good future for bright students. Colleges of this type can identify the students who need financial backup and give scholarship by giving bond or something like that to work in their company for specific period as a compensation
- Continually improving and updating curriculum
- New and cutting edge facilities and international level faculties
- More scope in the under developed areas like Bio Technology and Nano-electronics etc
- No more outflow of $17 billion for higher education from India per Year
- India can attract foreign students to India and can generate billions of dollars by this
- Increased chances of bringing research centers in India by MNCs due to increased knowledge pool
Do you know that, some companies insist taking the engineers from these institutes only as their tool room engineers and all? It is because their assignments, workshops and projects during their studies will be the real life projects of top companies. On an average, a regular (Who are from regular colleges) fresh out of college engineer will take at least 6 Months to understand what is going on in a company and what he is supposed to do. So if companies are getting ‘Experienced Fresher”, will be they simply let that go? That is the importance of Educational institutions like these.
But as the other side of the coin, there are some threats also.
- There will be no direct control of Government over these universities
- The courses designed by the corporate may can be only advantageous for that company only.
- Fees can be as decided by them. So chances of very high fees are there
- There may can arise a scenario that, only cash rich students will get good education leaving the deserving candidates behind.
Opportunities are sky level (Or am I dreaming?)
But anyway how much it can go wrong if India is going to invest $65 Billion and with the formation of Council for Industry and Higher Education (Like in US & UK) for monitoring?
What you think about these changes?
Will that be for good or bad?
In your opinion, what will be the advantages and disadvantages?