Analytics is the scientific process of transforming data into insight for making better decisions.
The agreement will help post-graduate students of economics and analytics, the emerging sector in high-end job market, as courses would be developed in tune with the industry, Education Minister Partha Chatterjee said.
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There had been a trend that students from Bengal go outside for high-end jobs, he said.
"We are focusing at high end education like research and analytics. We are also trying to set up a centre of excellence aiming at producing a pool of skilled manpower," Chatterjee said.
Calcutta University vice-chancellor Suranjan Das said a major challenge for higher education in India today is to develop a strong interface between university and industry which will mutually benefit the both.