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Should Academia produce Industry Ready Engineering students?

Industry ready Engineering Graduates?  Should we? Should we not? Can we?  Often heard (when you speak to a person in the industry) "Today's students are not industry ready". And when one of my senior colleagues posed this question it occurred to me if it was possible at all for academic institutes to produce industry ready student and more importantly is it a good idea to produce students who can be absorbed by an industry. The resulting thinking picture. Understand ing the plot! On the x-axis is the time and on the y-axis is the expertise. A student when he finishes 10th standard has some expertise which is lower t han when he has finished 12th standard (see the plot to the left of the above ima ge). Clearly t he expertise increases with Engineering (marked 1, 2, 3, 4) and the increase in the level of expertise is better during the 3rd and 4th year when one specializes and picks up electives. As seen, good students have the expected expertise, ...