Union Government approved MoU between India and Germany

Prime  Minister  Narendra  Modi  approved Memorandum  of  Understanding  (MoU)  with  Steinbeis  GmbH  Co.  KG for Technology transfer

Venue: Germany

Purpose: Technology resourcing in manufacturing and enclosed with sub­sectors of Capital Goods.

The MoU was signed on 25th April at the time of Industrial Exhibition Hannover Messe 2016 which was held in Hannover, Germany.

The foremost organisation for applied industrial research is Steinbeis GmbH in Europe.

It provides Technology Resource Partner for innovating identified projects in manufacturing industries

The mutual cooperation visualize in the MoU:

• Profiling of particular technologies which are already known
• Road Mapping technology for particular sub sectors of Capital Goods
• Appraisal of Technology condition of Capital goods groups
• Mutual cooperation among technology
• Improved version of existing technology institutes
• Building up of Greenfield institutes in India

Features of Memorandum of Understanding:

• Framework  instrument  to  enhance  industrial  technology  projects  by  Indian  Capital  Goods  Sector.
• Provide  a  platform  to  various  public  sector  undertakings  and  Capital  Goods  Sector  units.
• The easier process of accessing abilities and proficiency of Steinbeis GmbH for identifying and connecting technology gaps.