IIT Bombay, BITS Pilani sign MOU for research, skill development

This agreement will define how to work together to promote academic and industrial collaboration, share knowledge, and create technology to address societal issues.

Today, the Indian Institute of Technology, Bombay and BITS Pilani signed an agreement to work together on research, innovation, and skill development. IIT Bombay and BITS Pilani will team up to conduct collaborative research at their own facilities and also through partnerships with third parties.

This memorandum of understanding will detail collaboration in promoting beneficial academic and industrial engagement, as well as sharing knowledge and advancing technology in response to societal obstacles. The primary objectives of collaboration include participating in a shared research project, offering consulting services, providing opportunities for student internships, swapping faculty members, and creating new technologies.

BITS Pilani collaborate with IIT Bombay

The partnership between BITS Pilani and IIT Bombay aims to achieve crucial goals including improving knowledge management, advancing technology, and enhancing the skills of human resources through continuous education.

This memorandum of understanding will facilitate cooperation in research; offer advisory services in industry-specific fields; provide student internships; and allow for joint research funding applications. Both organizations will concentrate on ecosystem growth, incorporating academia and industry collaboration through hosting visiting faculty and establishing precompetitive consortia for research in emerging technologies.

This Memorandum of Understanding connects the worlds of academia and industry, creating opportunities for research, skill enhancement, and innovation. Professor Ramgopal Rao, Vice Chancellor of BITS Pilani, expressed excitement about offering many opportunities to students to prepare them for success in the future in fields like pharma, healthcare, and engineering.

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The institute reported a 30% increase in pre-placement offers through summer internships.

According to a March 9 report, the CTC, or cost-to-company, offered to graduates with a Master of Business Administration (MBA) from the Indian Institute of Management (IIM) – Udaipur has increased by 14%.

According to information provided by the institution, and as reported in The Indian Express, the average CTC for the entire batch of MBA grads was Rs 20.3 lakh. According to the report, the highest salary package on offer was Rs 36 lakh, while the top 25% of CTCs for the cohort averaged about Rs 28 lakh.

The top 50% of packages provided to graduates from the cohort averaged Rs 24 lakh, according to the statement. Also, according to reports, IIM-Udaipur recorded a 30 per cent increase in pre-placement offers through summer internships.

The publication cited Prof. Ashok Banerjee, Director, IIM Udaipur, as saying, “Our focus on industry-relevant curriculum, practical learning, and mentorship has paid off, and our graduates are now thriving in top businesses across diverse industries.”

Major companies, including Amazon, Bain & Company, McKinsey, Pidilite, PWC, Wells Fargo, and Accenture Strategy, have been coming to the institute to hire candidates for their final placements.

According to the study, among the new employers seeking IIM-Udaipur MBA grads for this round of hiring were the Adani Group, Bank of America, SBI Capital Markets, Schneider Electric, Shalina Hospital, and State Street.