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Just one example of capabilities of Indian universities are how industries taking advantages of it, Boeing...
http://www.boeing.co.in/boeing-in-india/about-boeing-in-india.page
Research & Technology and University Partnerships
Boeing has a long tradition of aerospace leadership and innovation and since 1995 has a research and development (R&D) presence in India, when collaborative research in aerodynamics was established with the National Aerospace Laboratories (NAL) in Bangalore. This has developed into a series of projects in aerodynamics and advanced analysis methods at NAL, Indian Institute of Science (IISc) and Indian Institute of Technology (IIT) Kanpur.
In
2005, Boeing entered into a strategic research partnership with IISc Bangalore. The Boeing–IISc partnership focuses on research in materials and sciences for structural alloys, smart materials and structures, process modeling and simulation. This has contributed to aerospace innovation and advancement of aircraft design capabilities. IISc is one of only 10 universities worldwide that has such a special relationship with Boeing.
An evolved partnership, named the Aerospace Network Research Consortium (ANRC), was also set up with IISc involving other industry partners HCL Technologies and Wipro. This consortium has conducted research and codeveloped technologies related to wireless aerospace networks. This involved regular interaction between researchers in India and Boeing experts in the United States and has resulted in several doctorate theses and a number of research reports.
In 2009, Boeing further expanded its R&D footprint in India by establishing the Boeing R&T India Center, an Indian counterpart of Boeing’s research and technology organization in the United States. The India facility conducts research in areas such as flight sciences, materials and processes, and structures and software with Indian research partners in academia, research laboratories and industry to address future technical challenges in aerospace.
Also based in Bangalore, and staffed with modeling and simulation engineers, the Boeing Strategic Development and Experimentation (SD&E) Center provides defense experimentation and decision-support services to understand the future needs of the Indian armed forces.
In collaboration with IIT Bombay and Department of Science and Technology (DST), Boeing conceptualized the National Centre for Aerospace Innovation and Research (NCAIR) in 2009 to support world-class research and manufacturing development in aerospace with the objective of applying this capability to the aerospace industry in India.
The work at NCAIR has led to 20 patents and technology breakthroughs and over 30 specialists have been trained and developed by the NCAIR. Key areas of research for NCAIR include Modeling & Simulation, where the researchers have generated new insights on methods to improve efficiency of machining titanium and aluminum alloys. Recently NCAIR inaugurated an Advanced Machining Excellence Cell on its campus.
Both NCAIR and ANRC have proven their worth in using technology to spur entrepreneurship and innovation in India’s aerospace industry to encourage its start-up culture.