LAHORE: Wilshire Group of Companies and The School of Business & Economics – University of Management & Technology Monday signed a Memorandum of Understanding (MOU) here at the Lahore Chamber of Commerce & Industry to establish long term strategic partnership between the two institutions.
The MOU was signed by F. Robert Wheeler III, Dean School of Business and Economics and Dr. Abdul Salam Babar, Director HR Wilshire Group of Companies signed the MOU in the presence of LCCI Senior Vice President and Chairman Wilshire Group of Companies Amjad Ali Jawa. Chairman UMT Hassan Sohaib Murad, CEO Wilshire Group of Companies Ghazanfar Ali Jawa and Director UMT Dr. Aly Raza were also present on the occasion. According to the Memorandum of Understanding, both organizations would establish the long term strategic partnership.
Speaking on the occasion, the LCCI Senior Vice President Amjad Ali Jawa said that MOU will bridge the gap between industry and academia where Wilshire will join hands with UMT for combined industry centric research projects. It will also help towards capacity building of Wilshire employees through higher education in Executive MBA and MS Programs from the platform of UMT.
He said that strong liaison between industry and academia is the key to economic challenges. He emphasized the need for a strategy that how knowledge and research of academia could be beneficial for the industry. He said that understanding between industry and academia should be developed on sustainable basis as it would reduce the cost of doing business, enhance the employment opportunities and competitiveness of the industrial sectors.
He stressed the need for demand driven research work saying that it would be beneficial for both researchers and industry. He said that researchers would be able to promote their research work to the industry that would increase the industrial production.
