The Union Government, under its flagship program ‘Make in India’, has sanctioned an incubation center for SRKR Engineering College in Andhra Pradesh. Make in India program is one of the most highlighted and much-hyped program which aims to project India as a leading manufacturing destination in the world. The project aims to attract significant foreign investments as against its established disrepute of not being an investment-friendly nation.
For far too long red tapes and bureaucratic gobbledygook have marred the economic aspirations for this country, which has become infamous for corruption and scandals. The present day government which rose to power against a promise of fight against this anarchy ridden state of affairs faces a signal challenge in the form of changing the norms and attracting the global investors in. Investment into incubation centers such as the likes of SRKR college would go a long way in reinforcing the belief of being tech savvy to establishing repute as leaders in tech advancements.
The investment into SRKR College under the program was announced by Principal G. Parthasarathi Varma during the distribution of prizes to students on Tuesday for participation in the Independence Day celebrations. Mr. Varma said that the incubation centre would give an opportunity to a student to a project directly to the Union HRD Ministry which would sanction money after looking into the merits of the project. Once the grant is given, the project designer can market it with the support of Central schemes also.
Mr. Varma further added that the incubation centre was only the second such facility in the region after Visakhapatnam. Among other dignitaries who were present included the Vice-president P. Krishnamraju, CEO Sagi Ramakrishna Nishanth Varma.
Private engineering colleges hardly attract a repute which is accorded to the IITs and the NITs in this country and barring few notable exceptions like the BITS, private sector colleges and most of the state-sponsored institutes have hardly left a mark in the educational landscape of the country.
Hence Investment into a sector which is already mired with handicaps in form of lack of infrastructure, adequate number of faculties for teaching and a penumbra of legal issues can be seen as a much needed boost and a positive step in the execution a program which aims to turn a nation of imports into that of an export.