Increase expenditure on higher education

BANGALORE: Bangalore University Vice Chancellor Dr N Prabhu Dev inaugurated the Industry and University linkage workshop on Tuesday. Addressing the gathering the VC said, “To realise the dream of India, we need to have a tie-up with industries, and there is provision that each industry has to divert 2 per cent profit towards education research and development, but most of us are not aware of this.”He further said there are 38,000 colleges in India and only 9,000 are NAAC accredited and made a comparative study of education system in America, England and other countries. He emphasized on increasing  expenditure on higher education, scientific research particularly in biotech.He further noted that there should be a co-relation between industry and university to develop India’s economy. He stressed on PPP (public, private participation) in education. “Around `46,000 crore is being spent on the education sector, but Rs 1,14,000 crore is what should be set hence forth. We have 505 universities in India but the need of the hour is that we require 1,500 universities all over the country. I have written to the HRD ministry to open schools, colleges, and university in each district. At present only 14 per cent students are continuing with their higher studies after their PUC and an alarming percentage of 30 per cent to 40 per cent are dropping out of school, leading to crime in the country.”Member of executive council, VTU, Dr Kiran D M   emphasized that there is no co-relation between industry and university. He stressed on fundamental research and said, “In Korea the industry started booming from 1966. The government established a Research and Development Institution, and today we have world class products coming from that country in terms of electronics. This is because students were exposed to the industrial activity at the Higher Education Level, and we have to think on those lines to boost our employment and economy.”Director of GT Institute of Management Dr B G Sathya Prasad, Dean of Mount Carmel College Dr S Ramesh and President of Central Muslim Association Karnataka (CMA) Abdul Hameed were present .