Home » News » NALCO, NIT-Rourkela & NITRAA supported by IIT, ICT, Dept. of Science & Technology, come together to set up Centre of Excellence to promote entrepreneurship for Start-up companies  

NALCO, NIT-Rourkela & NITRAA supported by IIT, ICT, Dept. of Science & Technology, come together to set up Centre of Excellence to promote entrepreneurship for Start-up companies  

   In yet another step of NALCO’s Journey of Excellence, the Navratna PSU has inked a Memorandum of Understanding (MoU) with NIT, Rourkela & NIT Rourkela Alumni Association (NITRAA) for creation of a Centre of Excellence with the objective of collaboration to develop entrepreneurs by supporting technology-driven start-up companies to improve manufacturing & service delivery competitiveness.

The partnership among the 3 partners i.e., Aluminium behemoth NALCO, premier institute NIT Rourkela and NITRAA, supported by IIT, ICT & DST is aimed at developing an ecosystem for promoting entrepreneurship, to promote a knowledge environment by collaborating with research institutes and universities in both, core and enabling technology areas. This will foster creativity, innovation and improve competitiveness in specific technological needs of the host institute and other industries.

The incubation centre will be located at NALCO’s Research and Training Centre at Gothapatna, Bhubaneswar, where the aluminium giant is developing a world-class research facility to benefit the aluminium sector.

Dr. K. Rajeswara Rao, IAS, Additional Secretary, Ministry of Mines praised this new initiative and urged the 3 partners to develop an ecosystem that will encourage fresh ideas and innovative practices.

On this occasion, NALCO rewarded 50 employees of the Company with ‘Excellence Award’, with an aim to foster a culture of high performance, professionalism and excellence at workplace.

Speaking on the occasion Dr. Chand, said, ‘The hardwork and dedication of the employees are paying off in all fronts – production, productivity and profitability’.

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

FM: CCI should safeguard Indian enterprises from abuse by overseas entities 

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said  that Competition Commission of India ...

WTO reforms must be taken up by all member countries: Piyush Goyal 

The time has come to take on the policies of protectionism and unilateral measures by ...

Sridhar Patra to take over as CMD, Nalco

 Sridhar Patra has been selected by the Public Enterprises Selection Board (PESB) for the post ...

NALCO apprentice trainee died, family compensated

Apprentice trainee at NALCOs Smelter Plant, Angul Shri Rajanikant Parida breathed his last yesterday, August ...

Exchange Rates Notification No.52/2019-Custom (NT) dated 18.07.2019 

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 ...

Chemical Industrial cluster spurred by ICT Bhubaneswar to increase depth of industrialization in the State

The Executive M. Tech Programme in Process Engineering was inaugurated at the Institute of Chemical ...

Ministry of Skill Development & Entrepreneurship launches 

Commemorating World Youth Skills Day on July 15, 2019 and celebrating 4th Anniversary of the ...

Commerce & Industry Minister Addresses International Conference on Quality Infrastructure

Union Minister of Commerce & Industry and Railways, Piyush Goyal, has called for giving thrust ...

FDI inflows into India remained robust in 2018-19 

The Union Minster of Finance and Corporate Affairs, Nirmala Sitharaman said that FDI inflows into ...

Fertilizer Subsidy sees a hike of around Rs. 10,000 crores in Budget 2019-20 

Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2019-20 ...