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Union Cabinet approves MoU between India and Germany

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of signing of a Memorandum of Understanding (MoU) with Steinbeis GmbH Co. 
•    KG for Technologie transfer, Germany on technology resourcing in manufacturing, including sub-sectors of CapitalGoods. 
•    The MoU was signed on 25th April, 2016 during the Industrial Exhibition Hannover Messe 2016 in Hannover, Germany. 
•    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 field of cooperation envisaged in the MoU are: 

a) Profiling of specific technologies; 
b) technology road mapping for specified Capital Goods sub-sectors, 
c) assessment of technology status of Capital Goods Cluster; 
d) cooperation in events on technology; and
e) 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. 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. 

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