It is high time that we realize the dearth of managers in our country. With advancements taking place in all spheres of life and so many challenges presenting themselves, development of qualified professionals has become the call of the hour. Higher technical and management education promises direct returns to society vis-à-vis liberal higher education where the returns are relatively less visible. The skilled manpower required to run various industries and sectors invariably come from the institutions of higher technical and management education. Hence, the nation can ill afford to denigrate their importance.