MoU between
India and Germany for Capital Goods Sector
The Union Cabinet, chaired
by the Prime Minister Shri Narendra Modi, has approved a Memorandum of
Understanding (MoU), which has been signed between Indian and Germany, for
implementation of Make in India campaign for Capital Goods Sector and Fraunhofer
Gesellschaft (Fraunhofer), Germany, a leading organisation of 65 institutes for
applied industrial research in Europe.
The objective of signing MoU between Department of Heavy Industries and Fraunhofer is to provide platform to various public sector undertakings and capital goods sector units to have easy access to capabilities and expertise of Fraunhofer for identifying and plugging technology gaps in line with 12th Five Year Plan.
Fraunhofer will be a “Technology Resource Partner” for implementing of identified projects in manufacturing, working with various stakeholders in Government of India, Industries and academia for increased cooperation and collaboration in applied industrial research and technology development. They have capability to provide advanced industrial technologies needed by the Indian Capital Goods Sector.
The objective of signing MoU between Department of Heavy Industries and Fraunhofer is to provide platform to various public sector undertakings and capital goods sector units to have easy access to capabilities and expertise of Fraunhofer for identifying and plugging technology gaps in line with 12th Five Year Plan.
Fraunhofer will be a “Technology Resource Partner” for implementing of identified projects in manufacturing, working with various stakeholders in Government of India, Industries and academia for increased cooperation and collaboration in applied industrial research and technology development. They have capability to provide advanced industrial technologies needed by the Indian Capital Goods Sector.
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