May 19, 2013 (LBO) – Sri Lankan firms are collaborating with universities to make new and higher value products and services, and was also consulting on management development, a business chamber said. The management and finance faculty of the University of Colombo had done a salary survey and restructuring for a public quoted company and a management development program at a bank.
The agriculture faculty of the University of Peradeniya, was formulating a bio fertilizer, a phosphate stabilizing bacteria mixture, and a solar power milking machine.
The Chamber quoted business executives as saying that young people at universities were contributing to business and learning from real life situations through the partnerships.
Academics felt that the links allowed students to quickly put their learnings and education in to practice.
The Chamber said it will have a special session dealing with collaboration between the state entities and private business at a annual economic forum in July.
Sri Lanka’s Ceylon Chamber said it was fostering a closer relationship between commercial firms and universities and was partnering in making university programs more relevant to business.