The Union Cabinet has approved a memorandum of understanding that has been signed between Indian and Germany, for implementation of “Make in India” campaign for capital goods sector. The MoU has been signed between Department of Heavy Industries and Fraunhofer Gesellschaft (Fraunhofer), Germany, a leading organisation of 65 institutes for applied industrial research in Europe.
The objective of the MoU is to provide platform to various public sector undertakings and capital goods sector units to have easy access to capabilities and expertise of Fraunhofer for identifying and plugging technology gaps in line with 12th Five Year Plan.
Fraunhofer will be a “technology resource partner” for implementing of identified projects in manufacturing, working with various stakeholders in government of India, industries and academia for increased cooperation and collaboration in applied industrial research and technology development. They have capability to provide advanced industrial technologies needed by the Indian capital goods sector.