CHENNAI: Tata Power said on Monday it has signed a Memorandum of Understanding (MoU) with the Institute of Technology Madras (IIT-M) to collaborate in areas of research and development (R&D), consultancy, policy advocacy, advisory, training, and commercialisation of technologies and solutions, amongst others.
As part of the MoU, Tata Power and IIT-M aim to pursue advanced research in areas of future technologies and the tie-up also includes campus recruitment opportunities in full-time roles or internships to postgraduate students of IIT-M.
The agreement also entails research-based and consulting projects supported by the Centre for Industrial Consultancy and Sponsored Research (IC&SR), IIT-Madras.
Additionally, Tata Power employees and IIT faculty can also participate on each other’s committees and boards, the agreement notes.
Under this initiative, employees of Tata Power can also enrol for programmes like M Tech, MS and PhD offered by IIT-M after securing admission through due process.
Tata Power said it can also choose to make grants to support faculty research or to support students on scholarships and fellowships, and explore to work with the startup companies collocated in the IITM Incubation Cell.
“IIT-Madras is delighted to partner with Tata Power to pursue research in topics of mutual interest and national importance and provide opportunities for employees to acquire advanced knowledge in emerging areas,” Bhaskar Ramamurthi, Director, IIT-Madras, said.
“We are honoured to associate with IIT-Madras. Together, we will collaborate in areas of advanced technology, innovation and knowledge for sustainable changes. We are looking forward to work with some of the most talented and brilliant minds in the country,” Praveer Sinha, CEO&MD, Tata Power, said.
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