IIT-M gets Rs.100 crore to set up advanced manufacturing centre
Staff Reporter
CHENNAI: The Indian Institute of Technology, Madras, (IIT-M) has received a grant of Rs.100 crore from the Indira Gandhi Centre for Atomic Research (IGCAR) to establish an advanced manufacturing centre.
IIT-M director M.S. Ananth, who spoke to presspersons after signing a memorandum of understanding (MoU) with M. Rammohan Rao, dean of the Indian School of Business (ISB), Hyderabad, here on Monday, said the centre would facilitate interaction with the industry.
“We will work with the automotive industry primarily and look into other areas such as materials and nanomaterials,” he said.
The institute was also considering having foreign students admitted to various courses. The External Affairs Ministry had agreed in principle, he added.
Professor Ananth, who earlier spoke on the MoU, said the agreement would enable exchange of faculty and research scholars.
Though the MoU is between IIT’s Department of Management Studies and ISB, it would not prevent other departments from interacting, he said.
MoU “mutually beneficial”
Professor Rao said ISB sought to build on IIT’s spirit of research. “It will be mutually beneficial,” he said.
The ISB, which had several centres of excellence, was considering establishing centres of excellence in strategic marketing and leadership and change management, he added.
IIT’s dean of Academic Research K. Krishnaiah, head of the Department of Management Studies L.S. Ganesh and faculty from ISB were present on the occasion.
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