Source: News Bharati English23 Jun 2016 11:44:49


New Delhi, June 23: The Union Cabinet chaired by the Prime Minister Narendra Modi was on Wednesday apprised of signing of a Memorandum of Understanding (MoU) with Germany on technology resourcing in manufacturing, including sub-sectors of capital goods. The MoU was signed with Steinbeis GmbH Co. KG for Technology transfer, Germany on 25th April this year during the industrial exhibition Hannover Messe 2016 in Hannover.

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 fields of cooperation envisaged in the MoU are:

  • profiling of specific technologies;

  • technology road mapping for specified Capital Goods sub-sectors

  • assessment of technology status of Capital Goods Cluster;

  • cooperation in events on technology; and

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

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.

As a part of its ambition to integrate itself with the global manufacturing industry, India participated in the Hannover Messe 2016 with participation of the country’s top firms in the private and public sector along with a high level official delegation, led by Girish Shankar, secretary in the department of Heavy Industry and Public Enterprises.

The international technology fair was scheduled from April 25-29.  Among the participants, apex engineering export organisation, Engineering Export Promotion Council (EEPC) India was the lead agency. India had participated in the Hannover Messe last year as the ‘Partner Country’. Volkswagen's display of a made-in-India Vento, Daimler’s Make in India programme, Royal Enfield and 18 other states carried India’s torch at the international trade fair last year.