Cabinet approves MoU between India and Germany

Cabinet approves MoU between India and Germany

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of signing of a Memorandum of Understanding (MoU) with Steinbeis GmbH Co. KG for Technologietransfer, Germany on technology resourcing in manufacturing, including sub-sectors of Capital Goods. The MoU was signed on 25th April, 2016 during the Industrial Exhibition Hannover Messe 2016 in Hannover, Germany.

Steinbeis GmbH is leading organization for applied industrial research in Europe. It will act as a Technology Resource Partner for implementing identified projects in manufacturing. The field of cooperation envisaged in the MoU are:

a) profiling of specific technologies;

b) technology road mapping for specified Capital Goods sub-sectors,

c) assessment of technology status of Capital Goods Cluster;

d) cooperation in events on technology; and

e) upgrading existing technology institutes / setting up Greenfield institutes in India and other technology related co-operation and collaboration.

The MoU is a framework instrument to facilitate industrial technology projects by Indian Capital Goods Sector. The MoU will provide a platform to various public sector undertakings and Capital Goods Sector units to have easy access to capabilities and expertise of Steinbeis GmbH for identifying and plugging technology gaps.

Source & Image courtesy : pmindia.gov.in