India & Germany sign MoU for capital goods sector

New Delhi, Dec 3 (KNN)  The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved a Memorandum of Understanding (MoU), which has been signed between India 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,” an official release said on Wednesday.

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, it added.  (KNN Bureau)