Tata Power and Indian Institute of Technology Madras (IITM) will collaborate in areas of research and development (R&D), consultancy, policy advocacy, advisory, training, and commercialisation of technologies and solutions, amongst others.
Both the entities have have signed a Memorandum of Understanding (MoU) to facilitate this collaboration, a release from Tata Power said.
As part of the MoU, Tata Power and IIT Madras will aim to pursue advanced research in areas of future technology. The agreement also includes campus recruitment opportunities to postgraduate students of IIT Madras.
Considering IIT Madras’ national and international excellence in technical education, basic and applied research, innovation, entrepreneurship and industrial consultancy and Tata Power’s team of in-house experts, there is an immense potential for this collaboration to have a high transformational impact, the release said.
In the last few years, Tata Power has fostered a culture of innovation, creativity and entrepreneurship within the organisation for its employees to Design, Develop and Deliver unique energy products, services and solutions.
Till date, Tata Power through its Collaboration, Innovation and R&D division has partnered with more than 100 national and international technology and institutions to develop low cost, scalable solutions in the clean energy space.
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A few objectives agreed upon by Tata Power and IITM as a part of the tie-up are Collaborative Research Projects including research-based and consulting projects supported by the Center for Industrial Consultancy and Sponsored Research (IC&SR), IIT Madras.
Campus Recruitment will also be covered under the MoU and will involve recruitment of IIT Madras graduates for full time employment or as interns by Tata Power subject to company’s organisational needs. This activity will be facilitated by the Placement Office, IIT Madras.
Under this initiative, employees of Tata Power can enroll for various degree programs such as M. Tech., M.S. and Ph.D. offered by IITM after securing admission through due process into the desired programs. IITM and Tata Power personnel can also jointly or individually offer short term training programs This will benefit students of IITM as well as the employees of company on topics of mutual interest, the release added.
(Featured photograph sourced from analyticsindiamag.com)
