To strengthen the research infrastructure for the development of industry and academia in Telangana and Andhra Pradesh, SVKM’s NMIMS Hyderabad campus signed a Letter of Intent (LoI) with FICCI Telangana and AP State Council (FICCI-TAP).
The two organisations will work closely to bring more practice-oriented research through case writing and policy initiatives in core areas of growth, skill development, innovation, and sustainability. The letter also proposes setting up of FICCI-NMIMS Hyderabad Center for Indian Business as a joint initiative to work together.
Industry-academia
Speaking on the partnership, Tapan Kumar Panda, Director, NMIMS Hyderabad said, “It will help us to further strengthen our relationship with the industry. Our faculty and students will be working actively to facilitate research work for the development of the industrial sector in the region.”
The aim was to facilitate growth, bring innovation, and ensure sustainability. One of the core objectives of the FICCI-NMIMS Hyderabad Center for Indian business is to work with MSMEs as core drivers of economic growth and innovation, he added.
Strengthen research
Akhilesh Mahurkar, Director of FICCI Telangana and AP State Council, said, “NMIMS Hyderabad is at the forefront of research in the field, working closely with businesses to improve processes. This collaboration will help cement this critical relationship between industry and academia.”
The two organisations will work closely to develop the research infrastructure in Andhra Pradesh and Telangana, collaborating on various knowledge platforms in creating and disseminating highly relevant industry-oriented information. The agreement focuses on the agri and food processing, handloom and textiles, handicraft, heritage/museum marketing, local tourism and hospitality, and yoga and wellness industries, according to a release.