India is facing corporate financial distress that has taken a grim situation due to slower growth rate of the economy. Therefore, repairing corporate balance sheet and revitalizing corporations facing financial distress of the need of the hour.
The success of Technical Institutions in the country today is doubtful in that they are unable to meet either industry's demand for well prepared graduates or their own objective of securing placement for their students. Ignorance of what is actually desired by industry is one of the factors creating this undesirable and unsatisfactory situation. Both industry and institutions can overcome this stalemate only by collaborating with each other and making a serious attempt to understand the reasons behind others inadequacy in performance. In this paper several methods, like consultancy and industrial training, have been discussed for increasing this Institution. Industry interaction and for creating a climate for a mutually beneficial relationship between the industry and the institution.
