ICCI for strong academia-industry linkages to boost economic growth - Press Release issued by Islamabad Chamber of Commerce and Industry.

Islamabad -- March 07, 2023 (PPI-OT)

Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)

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The developed countries have achieved phenomenal economic growth by promoting strong academia-industry linkages and Pakistan has to adopt the same approach to promote industrialization and improve its economic growth. This was said by Faad Waheed, Acting President, Islamabad Chamber of Commerce and Industry during his visit to Centre of Research, Innovation and Commercialization (ORIC) of Air University, Islamabad along with a delegation.

Faad Waheed said that universities are producing many research projects, but they are not benefiting the local industry as they are not oriented to resolving the industrial problems. He said that with close academia-industry linkages, universities can help in improving the efficiency, productivity and competitiveness of local industry and producing value-added products to boost exports.

He stressed that universities should focus on applied research that would help in addressing major problems of the society. He said that ICCI is ready to provide mentorship and career counselling to students, facilitate their placement as interns in local industry and help in commercialization of innovative business ideas of students. He emphasized that the universities should focus on fostering entrepreneurship in students that would enable them to promote business start-ups and play an active role in the economic...