Abstract
Higher education institutions, business and industry, and national R&D organizations have vital roles to play in economic development. In India the time is right for strong interaction between them, given the ‘resources crunch’ in the country and the new initiatives taken by the central government in restructuring the economy. Higher education institutions should move towards less dependence on government funding. Indian industry, now being exposed to global competition, needs to modernize and to upgrade the skills of its workforce. The national R&D laboratories also need now to generate funds and to share their equipment and people. The author discusses how these issues may be addressed in India and offers a model for interaction between these three sectors.
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