TIFAC to provide NIT Srinagar Rs 40 lakh for assessing technology needs of MSMEs

Srinagar, Sept 8 (KNN) Technology Information Forecasting and Assessment Council (TIFAC) has selected National Institute of Technology (NIT) Srinagar as its Academic Partner (TAP) for J&K region.

It will support the Institute with a financial support of Rs 40 lakh to understand and gauge the technological needs of MSMEs in the region, reported Rising Kashmir.

The duration of support will be for a period of up to 2 years under TIFAC MSME Program by the Department of Science and Technology (DST).

“The IIED Centre, NIT Srinagar has been selected for a financial grant under the TIFAC MSME Program,” said Director NIT Srinagar, Prof. (Dr.) Sehgal calling it a proud moment for the institute.

The IIED Centre is actively involved in various innovation and entrepreneurship-related activities for last couple of years.

Sehgal assured that the grant will be utilized to strengthen the interaction between academia and MSME industries towards identifying the technological gap areas.

TIFAC was formed as a registered Society in February, 1988 under the Department of Science and Technology as an autonomous body.  (KNN Bureau)