City Pharmacy Limited (CPL) Group and IBS University have formalized a strategic partnership aimed at strengthening human capital development in Papua New Guinea through education, skills training, and employment opportunities. The collaboration was made official on Wednesday with the signing of a Memorandum of Understanding (MoU) in Port Moresby. Signed by CPL Group co-founder and Chairman Sir Mahesh Patel, OBE, and IBS University Vice Chancellor Professor Ramachandran Arunachalam, the partnership is designed to bridge the critical gap between academic learning and the realities of the workforce by equipping students with job-ready skills and real-world experience. It focuses on providing practical training and career pathways in key sectors such as retail, pharmacy, and logistics. Sir Mahesh Patel described the initiative as a reflection of CPL Group’s long-standing commitment to national development through investment in local talent. As part of the MoU, CPL Group will provide internship opportunities and graduate job placements for IBS University students. The company will also support the enhancement of academic programs through guest lectures and industry insights. Additionally, the two institutions plan to collaborate on community outreach initiatives to promote youth empowerment and social inclusion. IBS University Vice Chancellor, Professor Ramachandran Arunachalam, highlighted the challenges many graduates face when transitioning from education to employment. He stated that the partnership with CPL would help bridge this gap by providing students with practical experience and the confidence required to thrive in the modern job market. The collaboration is being recognized as a strong example of how the private sector and academic institutions can work together to strengthen the national workforce and contribute to both social and economic development.