Union Cabinet apprised of Indo-German pact on tech resourcing
Meanwhile, the Cabinet chaired by Prime Minister Narendra Modi was 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.