In an attempt to foster innovation, research and entrepreneurship in projects of mutual interest, Tata Steel recently signed an MoU with IIT Bhubaneswar Research and Entrepreneurship Park (REP).
According to the agreement, Tata Steel and IIT Bhubaneswar REP, a company promoted by IIT Bhubaneswar, have joined hands to explore collaboration in different areas including materials processing and modelling, energy and environment, and low carbon steel production and circular economy, Tata Steel said.
The MoU was inked during the 100-Cube Start-up conclave in the presence of the Union Minister for Education and Skill Development and Entrepreneurship, Dharmendra Pradhan on February 11.
"The MoU strengthens our partnership with IIT Bhubaneswar, as we work together to co-create solutions for sustainable steel-making and advanced materials," the CEO & MD of Tata Steel, T V Narendran, said.
Tata Steel's collaboration with IIT Bhubaneswar REP will also include joint research initiatives, technology transfer, and support for the startup ecosystem.
