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CII & DST sign a MOU for Technology Partnerships

New Delhi November 06, 2006

CII and the Deptt of Science & Technology, Govt of India have signed a MoU named GITA(Global Innovation & Technology Alliance), to facilitate technology partnership between overseas & Indian industry/institutes to enhance technology competitiveness of Indian organizations.

Under the MOU technology partnerships can take place through various modes under the framework of national/international laws viz: Joint Development; Technology Transfer/ licensing, Joint Venture/Collaboration or any other mode.

In view of greater global exploitation of technology as exemplified by export flows of high tech products across nations and technological collaboration for generic technologies there is a need to develop technology in partnership with entities, nationally or internationally.

Under the MoU, Indian industry and other organizations can get benefited by generation of following new technology opportunities:

(a) Various promotional and networking forums created by CII and DST.

(b) Additional programmes as shall be decided from time to time.

(c) Other tools like Information Technology shall also be fully utilized to promote GITA.

(d) Creation of independent entities within /outside CII and under parnership between CII, DST and    

      overseas partner/ partners, from joint technology development/ commercialization projects. The

      scope and form of these entities shall be decided mutually on case to case basis.

(e) Creation of an International Technology Promotion and Facilitation Park for showcasing and 

      commercializing the most promising technologies available through overseas networking.

(f) Any other mechanisms as may be required and deemed appropriate jointly by CII and DST.

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