NMIMS partners with Ficci to strengthen industry-based research

Plan to establish Ficci-NMIMS Hyderabad Center for Indian Business to work with MSMEs as core drivers of economic growth and innovation

Hyderabad: With a view to strengthen research infrastructure for the development of industry and academia in Telangana and Andhra Pradesh, SVKM’s NMIMS Hyderabad campus signed a Letter of Intent (LoI) with Ficci Telangana & AP State Council (Ficci-TAP).

The agreement focuses on the agri and food processing, handloom and textiles, handicraft, heritage/museum marketing, local tourism and hospitality, and yoga and wellness industries.

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The two organisations will work closely to bring more practice-oriented research through case writing and policy initiatives in core areas of growth, skill development, innovation, and sustainability. The letter also proposes setting up of Ficci-NMIMS Hyderabad Center for Indian Business as a joint initiative to work together.

Dr Tapan Kumar Panda, director of NMIMS Hyderabad said, “Our faculty and students will be working actively to facilitate research work for the development of the industrial sector in the region. Our aim is to facilitate growth, bring innovation, and ensure sustainability. One of the core objectives of the Ficci-NMIMS Hyderabad Center for Indian Business is to work with MSMEs as core drivers of economic growth and innovation.”

Commenting on the collaboration, Akhilesh Mahurkar, director of Ficci Telangana & AP State Council, said, “In a highly competitive and rapidly evolving economy, research can help usher in product innovation, predict disruptive trends, and identify new avenues of growth. This collaboration will help cement this critical relationship between industry and academia.”

The LoI was signed in the presence of Ficci representatives Rao and Dr Ravi Kiran, deputy director and other senior faculty members of NMIMS Hyderabad.

The two organisations will work closely to develop the research infrastructure in the Telugu States, collaborating on various knowledge platforms in creating and disseminating relevant industry-oriented information.

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