All India Council for Technical Education (A Statutory body under Ministry of HRD, Govt. of India) Application Id - Page x/y Proforma for s ubmission of proposal under the scheme INDUSTRY INSTITUTE PARTNERSHIP CELL The objective of the IIP Cell is to reduce the gap between industry expectations (practice) and acad emic offerings (theory) by direct involvement of industry to attain a symbiosis. All the Stakeholders, namely: Institutions, Industry, Students and Society stand to gain as it can be a win - win partnership. The Institutions stand to gain by way of up to date curricula, source of revenue genera tion by consultancy and R & D, source of manpower for employment, societal relevance, and most importantly a cquisition of brand name/equity; industry stands to gain by way of availability of employable manpower pool, an d increased productivity; faculty stand to gain by way of exposure to latest industry practices for more effecti ve teaching - learning processes, etc; studen ts stand to gain by way of hands - on training, reduction of learning curve in industrial practices; and, society stands to gain by way of improved quality of goods and services.