The Lahore Chamber of Commerce & Industry on Friday inked a Memorandum of Understanding (MOU) with the University of Engineering & Technology (UET) to work together for the common beneficial goals.
The LCCI President Abdul Basit and UET Vice Chancellor Dr Fazal Ahmad Khalid signed the document in the presence of the LCCI Senior Vice President Amjad Ali Jawa, Vice President Muhammad Nasir Hameed Khan and LCCI Standing Committee on Industry-Academia Linkage Convener Umer Saleem.
This agreement is a continuity of the LCCI endeavours aimed at filling the communication gap between the industry and academia. The MOU will enable both the institutions to share their knowledge and experience for mutual benefits.
It was also agreed that both the sides would conduct joint seminars and workshops on common issues.
The LCCI President Abdul Basit said that linking academia with the business needs is a crucial step which should remain at the forefront to motivate both the sides and enhance their skills.
He said that the MoUs with University of Engineering & Technology will pave way for the progress and prosperity of the country. He said that the LCCI would make the best use of this facility as a number of economic challenges have a direct link with the unavailability of correct data. He said that it would not only further strengthen university-industry collaboration but it would also help researchers to have access to the real challenges being encountered by the trade and Industry.
Abdul Basit said that the Lahore Chamber of Commerce & Industry has already signed a number of MOUs with the educational institutions and this agreement will also go a long way for the promotion of regional trade that is the buzz word in today’s global village.
Dr Khalid thanked the LCCI office-bearers and assured them of his full support for the cause of promotion of research and development culture in the country. He said that he would soon constitute a dedicated group of researchers to collaborate with the Lahore Chamber of Commerce and Industry.
He said that a closer collaboration between industry and institutions of higher education will ensure better skill sets and job-oriented training for students.