Tata Power, IIT-Madras inks MoU for R&D, consultancy, training, and tech solutions
Tata Power and Indian Institute of Technology Madras has announced that they have signed an MoU to collaborate in areas of research and development (R&D), consultancy, policy advocacy, advisory, training, and commercialization of technologies and solutions, amongst others.
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 partnership to have a high transformational impact.
As a part of the MoU, Tata Power and IIT Madras will aim to pursue advanced research in areas of future technology. The agreement also comprises campus recruitment opportunities to postgraduate students of IIT Madras.
Emphasizing the unique aspects of this collaboration, Prof. Bhaskar Ramamurthi, Director, IIT Madras, said, "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."
Speaking about this collaboration, Dr Praveer Sinha, CEO&MD, Tata Power, said, "We are honored 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 working with some of the most talented and brilliant minds in the country."
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 the company's organizational needs. This activity will be enabled by the Placement Office, IIT Madras.
Tata Power and IIT Madras may enter modalities governing each of them concerning research interaction visits and/or sabbaticals if any and through virtual means and /or invite each other to respective research laboratories for detailed discussions. In addition to this, Tata Power employees and IIT faculty can also participate on each other's committees and Boards.
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 mutually or individually offer short-term training programs This will benefit students of IITM as well as the employees of the company on topics of mutual interest.
Tata Power and IIT Madras can also come together to participate in the CSR space. The company can also choose to make grants to support faculty research or to support students on scholarships and fellowships. Tata Power and IIT Madras may also explore working together with the start-up companies collocated in the IITM Incubation Cell.