Translation is as much a science as it is art and a translator depends as much on practice as he draws from theory. Saying one can exist without the other is at best an unbalanced view. While a good translator gets enough exposure to the practical issues affecting their profession, it is exposure to the theoretical part that is often in short supply.
Head to the Oxford of the East, Pune, as the Savitribai Phule Pune University Hosts the Translation Studies : New Directions Conference that proposes to explore probable approaches to translation studies and suggests that the discipline of translation studies might provide a variety of helpful analytic tools in approaching a variety of contemporary issues.
Log on to http://www.unipune.ac.in/dept/fine_arts/english/english-conference/default.htm for more details.