Cabinet apprised of Indo-German pact on tech resourcing

The Union Cabinet chaired by Prime Minister Narendra Modi was today apprised of an agreement between India and Germany on technology resourcing in manufacturing, including sub-segments of capital goods sector.
"The MoU will provide a platform to various public sector undertakings and capital goods sector units to have an easy access to capabilities and expertise of Steinbeis GmbH for identifying and plugging technology gaps," an official statement said.
The Memorandum of Understanding (MoU) was signed with Steinbeis GmbH Co. KG on April 25 during the Industrial Exhibition Hannover Messe 2016, in Germany.
Steinbeis GmbH is a leading organisation 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 profiling of specific technologies; technology road mapping for specified capital goods sub-sectors; assessment of technology status of capital goods cluster.
Besides, the MoU calls for cooperation in events on technology; and 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.