IFQM Pioneers Industry–Academia Collaborations to Support the Vision of Viksit Bharat 2047

2026-07-12 08:49:27 Education

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New Delhi, March 11, 2026: As India advances towards its ambition of becoming a developed nation under the Viksit Bharat 2047 vision, strengthening collaboration between industry and academia has emerged as a critical national priority. The Indian Foundation for Quality Management (IFQM) is playing a pivotal role in fostering these partnerships to enable innovation, capability development, and a future-ready workforce aligned with India’s long-term economic aspirations.

IFQM has established structured collaborations with leading academic institutions, including XLRI Jamshedpur, BML Munjal University, SIOM Nashik and NIT Jamshedpur, where specialised programmes integrate industry interaction, real-world case studies, and experiential learning. These initiatives help align academic preparation with evolving industry needs.

IFQM’s engagement also extends to institutions such as BIT Sindri, SRMIST Chennai, VelTech Chennai, and JSS Academy of Higher Education and Research, enabling the integration of quality and excellence practices across diverse academic ecosystems. A key initiative is the establishment of student-led Quality Clubs, providing opportunities for live projects, internships, hackathons, and industry engagement. This experiential exposure enables students to develop critical problem-solving skills and an quality-driven mindset, while creating a strong pipeline of industry-ready talent. IFQM also strengthens faculty capability through industry immersion and knowledge exchange, ensuring academic instruction remains aligned with current industry practices.

“Deeper industry–academia collaboration can bridge the gap between theoretical knowledge and practical application, ensuring graduates are not only employable but also capable of driving innovation and excellence. At IFQM, we are committed to creating a collaborative ecosystem that supports India’s journey towards Viksit Bharat 2047,” said Soumitra Bhattacharya, CEO and Director, IFQM.

The Viksit Bharat 2047 vision underscores the importance of strong institutional partnerships to accelerate innovation and global competitiveness. In this context, deeper engagement between academic institutions and industry is essential to bridge the gap between academic learning and real-world application, ensuring graduates are equipped with relevant skills and practical exposure.

By fostering sustainable industry–academia partnerships, IFQM is contributing to the development of a skilled talent pool and strengthening India’s capability to emerge as a globally competitive and developed nation under the Viksit Bharat 2047 vision.

About IFQM

The Indian Foundation for Quality Management (IFQM) is an industry-led, not-for-profit organisation established to help Indian organisations achieve global competitiveness and excellence. Its founding members include leading organisations such as Biocon Group, Boeing India, Larsen & Toubro, Motherson Group, Sun Pharma, Tata Sons, Tata Electronics, Tata Steel, and TVS Motor Company.

IFQM delivers an industry-agnostic portfolio of initiatives designed to transform leadership, organisations, and workforce capabilities. These include CEO/CXO Learning Missions, the IFQM Academy for Business Excellence, and digital enablement solutions that help organisations improve performance and adapt to a rapidly evolving business environment. IFQM also strengthens the national ecosystem through its Industry–Academia Connect, the IFQM Quality Excellence Prize, and MSME cluster development, while advancing knowledge through organisational counselling and assessment, research, case studies, and national symposiums.

By institutionalising world-class quality practices, IFQM is supporting India’s journey towards Viksit Bharat 2047, ensuring the “Made in India” stands for quality, reliability, and global excellence.

For more information about IFQM and its initiatives, please visit www.ifqm.org.in or write to info@ifqm.org.in.