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  • Wednesday, March, 2021| Today's Market | Current Time: 03:28:07
  • NMIMS Hyderabad Collaborates with FICCI to Strengthen Industry-Based Research in Andhra Pradesh, Telangana

    Published on March 3, 2021

    Hyderabad: With a view to strengthening 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) on 26th Feb 2021. 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.

    Endorsed the alliance, Dr. Tapan Kumar Panda, Director of NMIMS Hyderabad said, “As an academic institution with a strong research-based ethos, we are proud of this partnership with FICCI Telangana & AP State Council. It will help us to further strengthen our relationship with the industry. 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, Mr. 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. As a leading academic institution with a stellar reputation, NMIMS Hyderabad is at the forefront of research in the field, working closely with businesses to improve processes. This collaboration will help cement this critical relationship between industry and academia.”

    The LoI was signed in the presence of FICCI representatives Mr. 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 Andhra Pradesh and Telangana, collaborating on various knowledge platforms in creating and disseminating highly relevant industry-oriented information. 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.