The Private sectors or private limited company having turnover at least of RS. 300 Crore per year for previous three years to establish new technical institutions in Engineering & Technology, Pharmacy, Architecture & Town Planning and Hotel Management catering Technology (HMCT).
There are several reports by industry based organizations commenting on the lack back of adequate skills in the technical education imparted to the students and hence less employability. Therefore, AICTE has reviewed the curriculum and has come up with model curriculum to involve industry best practices. The model curriculum is available on the AICTE website.
AICTE has further proposed scheme of setting up of research park with the industry in certain good institutions where AICTE will fund up to one crore rupees along with grant from the industry. It is expected that the institute will provide about 350 to 500 sq. Mtr. of area within the campus to the industry to set up research extension facility within the institute. This facility would provide the students to work on live projects and faculty to participate with the industry experts for the same whereas the industry also would benefit from the faculty expertise.
AICTE also promotes entrepreneurship development with the industry. Further AICTE funds industry institute partnership cell to be set up within the institutions. Further AICTE promotes innovative promotions within the institutes based on the requirement of the industry through its students of technical institutions and funds such projects.