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August 3, 2023
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FM Sitharaman said that higher education in India is just as good as, if not better than, global educational institutions. She noted that people who have studied in Indian universities now make up the second largest group of people managing companies around the world.
Union Finance Minister Nirmala Sitharaman on Saturday spoke about the importance of educational institutes focusing on industry requirements so that students can serve India’s development goals.
"We need to produce students who are capable of getting into industry and getting into industry which serve India's development goals. I think this synergy is now achieved by most of the institutions because the government speaks to them and they give inputs to the government and as a result you (students) are able to get institutions which are absolutely important," .
First and foremost, she stressed the need to understand what the industry requires.
The finance minister made these comments at the 10th convocation of the Indian Institute of Information Technology, Design and Manufacturing.
Sitharaman noted that higher education in India is on par with global standards, and that people who have studied in Indian universities now make up a large contingent of top managers in companies around the world.
She lamented that the country currently has to depend on other countries for some of its industry needs, particularly in the futuristic and sunrise sectors, which leads to disruptions in Indian manufacturing whenever there is a supply issue.
“If India is to become a land of manufacturing, its institutions must produce industry-ready graduates,” she said.Â
“What we need to do now is to make sure we understand what the industry needs and be able to manufacture for ourselves and for the world. That is why industry leaders sitting on the boards of such wonderful educational institutions, which draw talent, which bring in best of skills and ability and which have rigorous learning experiences are very important”, she said.
Kumarpal