Since the time of independence the Indian higher education sector has come a very long way from 20 universities and 500 colleges to over 650 universities and more than 33,000 colleges in 2011-12 to become the one of the largest in the world. India now ranks second after China in terms of enrolment of students. The government has set a target to achieve a Gross Enrolment Ratio (GER) of 30% by 2020. This sharp increase will be made possible in part due to the large number of private institutions of higher education set up by the private sector and the support of corporate sector. Currently more than 60% of higher education institutions are private institutes*. During last decade several other private universities have been established with the support of the different corporate sectors in India.
This support of corporate sector creates a new vision for Industry academia partnership, which linked with various advantages in terms of industry ready engineers. This partnership opens new chapters in terms of Corporate involvement in curriculum and content design, Joint seminars by academia and industry, Projects conducted under industry mentors, Industry experts in governing councils and boards of advisors, Summer internship opportunities, Academia generating ideas and acting as incubators for entrepreneurs, Industry visits for students and faculty, Guest lectures by industry representatives and much more.
The support of big corporate sector goes back a long time, like support of Tata and Birla to start colleges for higher education and research. Likewise JK Organization, one of the leading Indian corporate of the country with a rich heritage of more than 100 years, is strongly committed to support the Education and Healthcare. It started JK institute of Applied physics and Technology, Allahabad (1949), JK cancer institute and hospital in Kanpur. To ensure a good quality education JK Organization established a multidisciplinary university JK Lakshmipat University (JKLU) at Jaipur in Rajasthan in 2011 focusing on Engineering and Management. The responsibility of these top universities of India such as JKLU is to transform the students into a learned and skilled professional so that he can work well for the socio economic growth of India.