Ever since 1947, educational institutes have increased by leaps and bounds in numbers but at the same time we realise the present turnouts to be unfit in most of the industry or to the society. The system prevailing does not preach the subject matter whereas highlights the methodology in securing marks which doesn’t serve the purpose of any industry or organisation.

We have increased institutions of education in number but have failed to lay any stress on the quality of the education that these institutes impart, or the subjects we teach. The final result being technology import where as in the case of machines or engineering.The present system incorporated assigns the colleges which have had a mushroom growth in the last five decades, to turn out plain and simple graduates and post graduates who are absolutely unemployable when they come out of their colleges. TTRC is an attempt to rectify this problem and to promote Technology transfer in the best of its kind.

TTRC ascertains a new system of education where engineering and science graduates to be trained more industrial oriented and vocational with the necessary soft skills incorporated. The system will throw the right type of education and guarantees the candidate with right jobs with their deliverables.

TTRC in addition to imparting training will deliver the knowhow of loyalty and good citizenship which is again an integral part of one’s professional career.

The significance of TTRC’s Objectives can be well understood from the following facts:

As per BOOZ and Co:

New Study Reveals Global Engineering R&D Market Expected to Reach $1.4 Trillion by 2020, with India Poised to Become a Dominant Player

Global spending is driven by a heightened focus on innovation and an increased emphasis on emerging markets.

New York, NY – July 15, 2010 –A new study has found that the global market for Engineering Research & Development (ER&D) services sourcing has defied the economic downturn. Demand from sectors including computing systems, medical devices, energy, and infrastructure is fuelling the ER&D market, and providers in emerging economies, led by India, are poised to gain share as multinational corporations seek to invest in innovation and drive future growth.

The study, “Global ER&D: Accelerating Innovation with Indian Engineering” was conducted by management consulting firm Booz & Company with the National Association of Software and Services Companies (NASSCOM) in India. The report sheds light on multinational corporations’ perspectives on ER&D services sourcing, growth trends in the Indian service provider landscape, and competitive positioning of emerging markets as sourcing destinations.

The joint report also examines and prioritizes 11 key verticals for growth in the global ER&D market. While automotive, consumer electronics, and telecom – all traditionally high spenders on ER&D – continue to lead ER&D spend, emerging sectors include computing systems, medical devices, energy, and infrastructure.
India Leads Global ER&D Industry; Poised to Become Engineering Powerhouse.

According to the study, the ER&D services industry is now global with the emergence of several new, low-cost destinations. The United States, which accounts for approximately 40% of ER&D spend – the most in the world--continues to be a leader in terms of establishing global engineering networks; however, it faces a shortage of low-priced talent. India has established itself as the premier location for offshore ER&D services and has played a strategic role in globalizing the ER&D value chain.

India is emerging as an innovation partner to mature markets, especially the U.S. India’s supply base is currently involved in supporting leading innovations across multiple industries including automotive (hybrid technology), aerospace (avionics and structures), telecom (next generation routers), and medical devices (low cost medical devices). Further, its supply base is partnering with U.S. companies to lessen the impact of economic downturns through innovative business models.