Re: [MTC Global] Future role for universities

The proposal made by Prof. C Joshiji is fine and worth adopting.

To me:

1. The prime role of university is path setting for community, a powerhouse generating ideas, experimenting with them and motivating people to start  them for public cause.
2. Funding for education has been a tough issue since time immemorial and will remain so because investment in education yield results after one generation, 30 years, a long-long term planning!
3. Fund raising can be done through 2 means:

• In-house: adopt Lean philosophy, revenue generation through R & D and consulatncy, continuing education, etc.
• Out-house: Governemnt, public donations, donation from temple, etc

See the attachments.

Regards,
_______________________________________________________________________
Dr. P H Waghodekar, PhD (Egg), IIT,KGP, IE&M, 1985,
Advisor (HR), IBS & PME (PG)
Marathwada Institute of Technology,
NH 211, Beed by pass road,
Aurangabad: 431010 (Maharashtra) INDIA.
(O) 02402375113 (M) 7276661925
E-Mail: waghodekar@rediffmail.com
Website: www.mit.asia
and
Chairman, Advisory Board, MTC Global, Bangalore.


Engineering & Management Education: An Engine of Prosperity.
Classroom teaching must match with Boardroom needs!


From: Chandrashekhar Joshi
Sent: Tue, 30 Jun 2015 12:36:00
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] Future role for universities
Higher education financing has always remained a matter of huge
discussion in India also. There are many options either tried or
available. such as;
1. Discriminatory fees structure;
2. Student loans;
3. Pay roll Taxes;
4. Graduate Tax;
5. National loans;
6. National Scholarship scheme;
7. Revision of fees ;
8. Government aids and grants etc.
Unfortunately Government can not satisfy the increasing need of
funding for higher education.
The students loan has many problems though the Government has removed
many barriers.Other options mentioned above have not worked
well.Finally it is required that the private sector have to take a
lead to establish their own Colleges and Universities. There are few
institutes which are established and are being run by the private
players/business houses like JAMUNALAL BAJAJ INSTITUTE etc but its
number should be increased to the level of requirement. Today the
contribution of private sector is really negligible. Government has
insisted to utilise the 2% portion of their Net Profit for CSR I would
like to suggest that maximum part of such amount may be spent for at
least for 5-10 years for funding higher education.
Even Colleges and Universities should also divert their efforts to
raise fund and walk on the path of self financing. The are lot many
ways which experts in this field will suggest.
Mr. Narandra Modi ji ,P.M. of India has undertaken a good project to
give a health card of land to the farmers Universities and Colleges
will be able to earn a lot by participating in this activity by
conducting a huge program of soil testing with the help of faculties
and students.
Management Institutes will be able to render services to the private
sector such as project consultancy and consultancy in the field of
Finance,Marketing, Human Resource, Information Technology etc.
There are lot many opportunities for self financing also. It does not
mean that any grant should be stopped but gradually the path of self
financing and contribution of private sector will hope fully fetch the
miraculous results.


On 6/30/15, Prof. Bholanath Dutta wrote:
> Bricks and mortar universities already struggle to balance student numbers
> and fees with research demands that they need to keep their profile high to
> continue to attract the best students. Public funding for universities is
> increasingly constrained with administrative and staff salary costs
> continuing to rise. Survival over the last twenty years has largely been
> achieved by passing costs on to the students as increased fees. While the
> big brand universities such as Harvard, Stanford, Oxford and Cambridge, for
> example, are likely to maintain cachet as global elite institutions most
> universities will have to consider scaling down and clearly defining the
> niche segments they serve in order to survive intensified competition with
> online training providers, specialized education institutions, and
> privately funded research.
>
> University needs more professionals / domain experts to manage its
> activities and encourage innovation to cater to needs of the people and
> thus
> sustain its activities.....
>
>
>
>
>
> Best Regards,
>
> Educate, Empower, Elevate
>
> Prof. Bholanath Dutta
>
> Founder, Convener & President- MTC Global
>
> An Apex Global Advisory Body in Management Education
>
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