Interaction of industries with knowledge base of academic science is important for development of advancement of technology. But what is currently lacking is the willingness from both sides to understand and respect each other's core objectives. Academia need to appoint man-power on war footing that could take Collaborative modes like Consultancy, Contract research, Public - private partnerships in a big way especially in their institutions. Academia need to educate highly trained, independent scientists and to carefully align and integrate their education with ground breaking fundamental research. Industry on the other hand should support the research in the academic institutions through innovation and practical use of advanced technologies. Unfortunately, instead of identifying price-less talent in the industry and making efforts in getting them into academia, the colleges have always believed in utilizing the industry facility at their cost and never ever keen in drawing the ideas and innovations into the academic departments. It is academia's failure in recognizing and accommodating the industry expertise that is preventing the growth of advances in knowledge base as well as technology know how. Constant friction in personalities and also the ideas is bringing no benefits to either side although academia is losing heavily in the process.
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