Wilshire Group of Companies and The School of Business & Economics, University of Management & Technology signed a memorandum of understanding (MoU) 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 at the Lahore Chamber of Commerce and Industry (LCCI). LCCI Senior Vice President and Chairman Wilshire Group of Companies Amjad Ali Jawa, Chairman UMT Hassan Sohaib Murad, Wilshire Group of Companies Chief Executive Officer Ghazanfar Ali Jawa and Director UMT Dr. Aly Raza were also present on the occasion. Under the memorandum, both the organizations would establish the long-term strategic partnership.
Speaking on the occasion, LCCI Senior Vice President Amjad Ali Jawa said the MoU would 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 strong liaison between industry and academia is the key to economic challenges. He stressed the need for a strategy that could benefit industry from knowledge and research of academia. He said 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 also stressed the need for demand-driven research work saying it would be beneficial for both researchers and industry.