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Growing Importance of Experiential Learning; Integrating Hands-On Experiences in Higher Education

Traditional education models are no longer sufficient to prepare students for the complexities of the professional world. The increasing demand for graduates who possess not only theoretical knowledge but also practical skills has led universities to rethink their approach to education. This shift has given rise to the integration of experiential learning—an educational philosophy that emphasizes hands-on experiences, internships, and co-op programs. By incorporating these elements into their curricula, universities are enhancing student learning and boosting employability. In this regard Siddharth Mala, Correspondent, ObserveNow interacted with education leaders to gain more insights on the matter.

Experiential learning is rooted in the idea that knowledge is created through transformative experiences. This approach goes beyond passive learning, encouraging students to engage actively with real-world problems and scenarios. By doing so, students develop critical thinking, problem-solving, and interpersonal skills that are essential for success in any career.

Commenting on the role of experiential learning evolving in higher education over the next decade Prof. (Dr.) Uma Bhardwaj, Vice Chancellor of Noida International University quoted “Universities will have to change to meet the changing needs of employers and students, which means experiential learning will become an ever more important part of higher education. This educational approach goes beyond traditional classroom learning by encouraging practical skills, critical thinking, and adaptability—necessary for navigating today’s rapidly changing world. Universities can actively include instructional programs in their educational programs to guarantee their continued importance and impact. Including experiential learning opportunities like research projects, cooperative education, internships, service learning, and simulations into academic curricula guarantees equal access to real-world experiences related to students’ academic subjects.”

Adding to that Sandra Dsouza, Director, JD School of Design powered by JD Institute of Fashion Technology said “Experiential learning, which involves learning through direct experience and reflection, is poised to become an increasingly integral part of higher education over the next decade. As the landscape of work and industry continues to evolve rapidly due to technological advancements and global interconnectedness, universities must adapt their educational paradigms to prepare students effectively for the challenges and opportunities of the future.”

One of the key components of experiential learning is the incorporation of hands-on experiences within the academic framework. Laboratories, workshops, and field studies allow students to apply theoretical concepts to practical situations. For instance, engineering students might work on real-world projects that require designing and testing prototypes, while biology students may participate in fieldwork that involves collecting and analyzing ecological data.

These hands-on experiences not only solidify students’ understanding of academic concepts but also foster a sense of accomplishment and confidence. By working on tangible projects, students gain insights that are often unattainable through traditional classroom instruction alone.

 Internships: Gateway to Professional Growth

Internships are another vital aspect of experiential learning, providing students with the opportunity to immerse themselves in professional environments. Through internships, students can explore potential career paths, network with industry professionals, and gain invaluable work experience.

Many universities have established strong partnerships with businesses, non-profit organizations, and government agencies to offer a wide range of internship opportunities. These partnerships often lead to mutually beneficial relationships, where students gain practical skills and employers benefit from fresh perspectives and innovative ideas.

The real-world exposure that internships provide is crucial for bridging the gap between academic knowledge and professional expectations. Employers increasingly seek candidates with hands-on experience, making internships a key factor in enhancing employability.

Prof. Bhardwaj emphasised “Building strong relationships between academic institutions and business sectors is essential to improving student internship and cooperative opportunities. Creating clear expectations and communicating them are crucial. Creating open lines of communication makes sure that every participant is aware of the program’s aims, objectives, and expected results. This clarity makes it easier to customize internships to fit individual learning objectives and professional growth requirements while keeping them in line with expectations and standards set by the industry. The inclusion of cooperatives and internships in academic curricula serves to highlight their importance. Universities promote students’ ability to use theoretical knowledge in practical work conditions by awarding academic credits for such experiences. By relating classroom knowledge with real-world skills, it improves students’ educational experiences by giving them more opportunities to look back on their learning. 

Cooperative education programs, or co-op programs, take experiential learning a step further by integrating work experiences directly into the academic curriculum. Co-op programs typically involve alternating periods of classroom instruction and full-time employment in a related field. This model allows students to apply their academic learning in a professional context and then bring their practical experiences back to the classroom.

Dsouza highlighted “Effective partnerships between universities and industries are essential for creating meaningful internship and co-op opportunities that prepare students for the workforce. These collaborations benefit both parties by aligning academic programs with industry needs and providing students with valuable hands-on experience.” and also further highlighted Strategies to Strengthen Partnerships such as Establishing regular communication channels between universities and industry partners through advisory boards, joint committees, and meetings is crucial for discussing industry trends, skills requirements, and collaboration opportunities. Developing customized internship and co-op programs tailored to industry needs ensures projects provide mutual value. 

Highlighting the benefits, such as improved curriculum relevance and research opportunities for universities and access to talent and innovation for industries, strengthens these partnerships. Ensuring students receive mentorship during internships and promoting joint research initiatives for real-world challenges enhance these collaborations. Flexibility to adapt to remote models, timeline adjustments, and emerging technologies is also essential.

The benefits of co-op programs are manifold. Students earn academic credit while gaining paid work experience, making education more affordable. Additionally, the alternating nature of co-op programs ensures that students remain engaged with both their studies and their professional development.

Furthermore, experiential learning fosters a lifelong learning mindset. Students become adept at adapting to new challenges, continuously seeking opportunities for growth and improvement. This adaptability is a critical asset in a world where technological 

As the job market becomes increasingly competitive, the importance of experiential learning in higher education cannot be overstated. Universities that embrace hands-on experiences, internships, and co-op programs are not only enhancing student learning but also preparing graduates to thrive in their chosen careers. By bridging the gap between theory and practice, experiential learning equips students with the skills, confidence, and adaptability needed to succeed in an ever-changing world.

Odisha Appoints First Chief Secretary from Outside State in Two Decades

In a significant administrative shift, the new government in Odisha has appointed IAS officer Manoj Ahuja as the chief secretary, marking the first time in two decades that an outsider has been given the role. The 1990-batch officer from Haryana will take over following the retirement of incumbent Pradeep Kumar Jena on June 30. Ahuja, who has also been named secretary of the general administration department, brings extensive administrative experience to the position.

Ahuja, previously on central deputation since 2017, has been repatriated to Odisha at the state’s request. He most recently served as the Union agriculture secretary and has held key positions such as special director of the Lal Bahadur Shastri National Academy of Administration and chairman of the Central Board of Secondary Education. During his tenure with the Odisha government, Ahuja has served in various significant capacities, including secretary of departments like cooperation, steel and mines, sports and youth affairs, and food supplies and consumer welfare, as well as commissioner of commercial tax.

The repatriation and appointment of Ahuja are particularly notable as the new BJP administration in Odisha features many ministers with limited experience in managing portfolios. Ahuja’s expertise is expected to be instrumental in implementing the BJP’s election promises and assisting in the selection of senior IAS officers and district collectors in the Mohan Majhi government. His academic credentials include a B.E. in mechanical engineering from Thapar Institute of Engineering and Technology, an MBA from Punjab University, and a Masters in Public Administration from Harvard University.

MSME Sahaj: SBI Launches Digital Quick Loan Solution for Small and Medium Enterprises

State Bank of India (SBI), a prominent public sector lender, has announced the launch of “MSME Sahaj – End to End Digital Invoice Financing,” a new web-based digital business loan solution tailored for Micro, Small, and Medium Enterprises (MSMEs). This innovative product aims to expedite the loan process with a turnaround time of just 15 minutes, eliminating the need for manual intervention.

The newly launched solution facilitates the entire loan process, from application and documentation to the disbursement of the sanctioned loan, all within a quarter of an hour. According to the bank’s release on Monday, the system also automates loan closure on the due date.

With “MSME Sahaj,” customers can secure financing against their GST-registered sales invoices of up to Rs 1 lakh in under 15 minutes. The primary objective of this product is to provide “on tap” short-term credit for working capital needs to Micro SME units under the GST regime.

SBI plans to offer this product through its digital platform, ‘Yono,’ making it accessible to existing customers. Additionally, the solution is designed to serve sole proprietorship non-credit customers with satisfactory current accounts at SBI.

SBI Chairman Dinesh Khara emphasized the bank’s commitment to setting new industry benchmarks by introducing digital solutions in SME business loans.

Alike Appoints Sunniel Buttan as Vice President of Group HR

Alike, a social travel marketplace, announced on Monday the appointment of Sunniel Buttan as its new Vice President of Group HR. In his new role, Buttan will lead Alike’s human resources strategy and oversee its global HR operations, focusing on strengthening employee relationships, enhancing learning and development programs, and optimizing people operations.

Buttan brings 20 years of HR leadership experience to Alike. Before joining the company, he served as HR Head at TCG Digital, where he managed global HR operations. His career also includes roles at K-Corp Group, KPMG Global Shared Services, and PricewaterhouseCoopers (PwC).

Ashish Sidhra, Co-Founder of Alike, expressed confidence in Buttan’s ability to elevate the company’s HR capabilities and support its mission to innovate in the travel industry. “With Sunniel’s extensive experience and strategic vision, we are confident that he will play a pivotal role in advancing our HR capabilities and supporting Alike’s mission to innovate in the travel industry,” said Sidhra.

Buttan, who holds an MBA in HR & Marketing from the Institute of Management Technology, Ghaziabad, shared his enthusiasm for the new role. “I look forward to working with the team to further enhance our HR strategies and support the company’s ambitious growth plans,” he said.

UP Government to Install Over 2,500 Solar Mast Lighting Systems Across Districts

In a major step towards promoting solar and clean energy, the Uttar Pradesh government has embarked on an extensive project to install solar-powered mast lighting systems in various districts. This initiative aligns with Chief Minister Yogi Adityanath’s vision to enhance solar energy adoption in the state.

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has initiated the process, inviting applications from agencies to install 2,500 solar mast lighting systems with a budget allocation of Rs 29.78 crore. The project aims to be completed within four months of allocation.

The solar PV white LED high-mast light systems will feature lithium ferro phosphate battery systems, operating at 12.8 volts and free from ultraviolet ray emissions. These systems will provide effective outdoor illumination with a light emission rate of 135 lumens per watt and reliable operation in temperatures ranging from zero to 60 degrees Celsius. The selected agency will be responsible for the installation, operation, and maintenance of these lights over a five-year warranty period.

In addition to the solar mast lighting initiative, UPNEDA is developing an IVR and dashboard monitoring system to support the land bank management application and other schemes. This application, managed by UP Electronics Corporation Limited, will streamline tasks such as outline application management, compliance, document and contract assessment, and tenant and financial management.

Moreover, UPNEDA is advancing its initiatives by creating a generative AI-based IVR and dashboard monitoring system to oversee activities under the PM Surya Ghar Yojana and PM Kusum Yojana. Additionally, UPNEDA is developing a portal for converting stubble into biofuel, enabling farmers to sell stubble, which will be processed into biofuel. This portal will also feature a generative AI-powered IVR and dashboard monitoring system to manage beneficiaries of these schemes.

Axis Bank and Piramal Finance Forge Strategic Co-Lending Partnership

In a significant move, Axis Bank, has partnered with Piramal Capital and Housing Finance Limited (Piramal Finance), a prominent Non-Banking Financial Company – Housing Finance Company (NBFC-HFC) and a wholly-owned subsidiary of Piramal Enterprises Limited (PEL). This strategic alliance aims to expand their co-lending business, primarily targeting middle and low-income borrowers in rural and semi-urban regions.

The partnership leverages Axis Bank’s extensive financial expertise and Piramal Finance’s advanced loan processing technology. This synergy will allow the two entities to evaluate clients’ credit profiles more effectively and offer loans at competitive interest rates through Piramal Finance’s network of 490 outlets. The collaboration focuses on reaching potential clients who are new to credit or underserved by larger financial institutions, resulting in a diverse loan portfolio.

Jairam Sridharan, Managing Director of Piramal Capital & Housing Finance Ltd, expressed his enthusiasm, stating, “We are pleased to announce our co-lending partnership with Axis Bank, a leading financial institution in the nation. This collaboration underscores our mutual commitment to providing credit to underserved markets. By leveraging Axis Bank’s expansive network and Piramal Finance’s deep reach, we are well-positioned to penetrate deeper geographies across Bharat. Together, our shared goal is to enhance accessibility to formal credit, drive growth, and realize the aspirations of customers across Bharat.”

This strategic collaboration aims to serve consumers in the unorganized sector, such as self-employed individuals or salaried borrowers with limited access to credit due to insufficient income documentation. By combining their strengths, Axis Bank and Piramal Finance will bridge the credit gap for MSMEs and home loan customers, utilizing their extensive customer reach and robust credit assessment technologies. With a proven track record of serving millions, this partnership highlights Piramal Finance’s commitment to affordable housing finance.

Wall Street Prep and Wharton Online Partner with TimesPro to Launch New Certification Programs

TimesPro has teamed up with Wall Street Prep to launch a series of online programs with Wharton Online. This collaboration marks a pioneering effort in India, with Wall Street Prep taking the lead and TimesPro serving as the designated India partner. Together, they aim to deliver these programs to professionals across major economies and emerging markets, starting with the launch of the Private Equity Certificate Program.

The Private Equity Certificate Program is a self-paced online learning initiative designed to provide finance professionals with practical approaches to private equity (PE) investment. Participants will gain a deeper understanding of investment strategies, valuation techniques, and deal structuring principles. The program emphasizes the acquisition of contemporary techniques and best practices used by investment professionals in evaluating and executing private transactions. Delivered via a cutting-edge interactive learning (IL) platform, the program will be available in direct-to-device (D2D) mode, with enrollment now open for the September 2024 cohort.

The global private equity market, valued at USD 645.2 billion in 2022, is projected to grow significantly through 2028 at a compound annual growth rate (CAGR) of 13.45 percent. A report by Allied Market Research anticipates the market will reach $1,098.74 billion by 2032, growing at a CAGR of 9.7 percent from 2023 to 2032. The thriving IPO market and increased dealmaking activities in the venture capital and growth equity sectors are driving demand for talent across various levels. In India, there have been 437 transitions in the private equity-venture capital (PE-VC) space over the past year, up from 365 in 2022, marking the highest figure in five years. Notably, 56 percent of these recruitments were made by domestic funds, while 36 percent involved growth funds.

Matan Feldman, CEO of Wall Street Prep, expressed his enthusiasm for the collaboration, stating, “We are pleased to announce our collaboration with TimesPro in making the Private Equity Certificate Program available in India. This program equips Indian professionals with essential skills and knowledge to excel in private equity, providing them with industry insights, cutting-edge methodologies, and real-world case studies.”

Anish Srikrishna, CEO of TimesPro, highlighted the significance of the partnership, saying, “The collaboration with Wall Street Prep opens doors to practical approaches to private equity investment previously confined within the world’s largest PE firms. These programs will furnish learners with contemporary skills to adeptly navigate the intricacies of private equity, fostering superior investment outcomes.”

David Musto, faculty director of the Stevens Center for Innovation in Finance at the Wharton School of the University of Pennsylvania, added, “We are excited about expanding the Private Equity Certificate Program in India. This program allows learners to build their knowledge, skills, and resumes alongside their existing careers.”

The program’s curriculum, designed by industry experts with extensive experience in private equity, investment banking, and corporate finance, covers topics such as investment analysis, competitive dynamics, company and industry evaluation, operating models, and LBO/returns model formulation. It is open to finance professionals at all career stages, including investment analysts, portfolio managers, corporate finance executives, investment bankers, private lenders, entrepreneurs, and students.

Upon completion, participants will receive a Wharton Online Digital Certificate and access to a global network of peers and program alums. This network offers opportunities to enhance networking skills through in-person and virtual gatherings, discussion forums, and networking events.

Pivot Robots Secures Funding from NuVentures to Advance AI-driven Manufacturing Automation

AI startup Pivot Robots has secured funding from NuVentures, a prominent early-stage investor, in a deal of undisclosed value. The company, which was part of Y Combinator’s 2024 cohort, was founded in 2023 by Siddharth Girdhar and Vignesh Rajmohan. Leveraging their extensive experience from roles at Meta, Google, and Uber, the duo specializes in using artificial intelligence to drive automation within the manufacturing sector.

“We are thrilled to partner with NuVentures, whose support extends to both customer acquisition and talent recruitment in key manufacturing hubs like the US and India,” said Girdhar.

Also read: Ola Electric Secures Rs 100 Crore Debt Funding Ahead of IPO

Pivot Robots focuses on enhancing industrial automation through AI-powered vision control software, enabling robots to perform tasks with adaptability. Their initial product targets the labor-intensive process of grinding metal parts, aiming to alleviate workforce shortages in US manufacturing.

NuVentures, known for backing successful ventures such as Mu Sigma and Acko, boasts a diverse portfolio that includes startups like PocketAces, Foxtale, Geist Beer, and Third Wave.

Tredence Elevates Rekha Nair to Chief Human Resources Officer

Tredence, a prominent provider of data science and AI solutions, announced on Monday the promotion of Rekha Nair to Chief Human Resources Officer (CHRO).

In her new role, Nair will lead Tredence’s global HR strategy, focusing on developing a scalable talent model and fostering a culture of continuous learning and innovation to drive the company’s growth.

According to a statement, Nair’s primary objectives will include expanding training programs across various practices, upskilling employees, and creating growth opportunities in data science, data engineering, prescriptive AI, and generative AI.

Nair, who joined Tredence in 2021 as the HR Head for India, has been instrumental in developing the company’s talent management program, enhancing its data science, data engineering, and AI capabilities. Under her leadership, the workforce has grown to include 2,500 data scientists and data engineering professionals.

With over 20 years of experience in the consulting industry, Nair has previously worked at Capgemini, Mphasis, and HCL Tech.

Shub Bhowmick, Co-Founder and CEO of Tredence, stated, “Rekha has been a transformative force in shaping our team and culture over the past three years. Her promotion to CHRO reflects her outstanding leadership and alignment with our strategic vision.”

Rekha Nair expressed her enthusiasm about the new role, saying, “Stepping into this role at Tredence is a tremendous privilege. We have built a great company that embodies a people-first approach, valuing every individual’s contribution and creating a culture of continuous growth.”

Historic Appointment: Sujata Saunik Becomes Maharashtra’s First Female Chief Secretary

In a landmark achievement, Sujata Saunik, a senior IAS officer from the 1987 batch, has been appointed as Maharashtra’s first female Chief Secretary. This historic transition took place on June 30, marking a significant milestone for gender representation in the state’s bureaucracy.

Saunik’s appointment follows the retirement of Nitin Kareer, the former Chief Secretary, and she is set to serve a one-year tenure until June next year. Her selection by Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis is seen as a pivotal move, not only to acknowledge her capabilities but also to resonate with women voters ahead of the upcoming Assembly elections.

The official handover ceremony occurred at Mantralaya, the State Secretariat in south Mumbai, where Saunik formally assumed her new responsibilities from Kareer.

Prior to her current role, Saunik held several significant positions within the state government, including Additional Chief Secretary in the Home Department and the General Administration Department. Her extensive experience in public administration spans various key sectors, including public health.

Saunik’s appointment adds to the growing prominence of women leaders in Maharashtra, following Rashmi Shukla’s recent historic appointment as the State’s first female Director General of Police earlier this year.

Saunik’s husband, Manoj Saunik, is also a former Chief Secretary of Maharashtra, sharing the same IAS batch, thus adding a unique familial dimension to her professional journey.

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