Fraunhofer-Gesellschaft has signed several Memorandums of Understanding (MoU) with Union Ministry of Heavy Industries and HMT Limited.
The MoUs signed throw light on the Indo-German trade that spans over 500 years and strengthen the basis for strong business and economic ties between the two countries.
The objective is to support and augment the "Make in India" programme through increasing the innovation and technology prowess of Indian industry.
The activities include creating a roadmap for technological development of Indian industry, identifying and plugging technology gaps, implementation of identified projects in manufacturing, working with various stakeholders in Government, Industry and Academia for increasing co-operation in applied research.
The MoU was signed on October 5 in the presence of Angela Merkel, Chancellor of Germany, and Narendra Modi, Prime Minister in Delhi.