(MENAFN-
KNN India) Technology Hub for Steel Manufacturing to be set-up at IIT Bombay
with JSW Group support
Mumbai, Aug 20 (KNN) To expand
the production of quality steel in India, IIT Bombay and JSW Group have
joined hands to establish a JSW Technology Hub for steel manufacturing.
The steel manufacturing hub will be built inside the premises of the Centre of
Excellence in Steel Technology (CoEST) which was earlier set up by IIT Bombay.
Under
this partnership, the JSW group will provide the financial and technical
support to build a world-class infrastructure to undertake a wide range of
R&D for steel manufacturing and its use. IIT Bombay
will also set up a Sajjan Jindal Steel Professor Chair to enable
focused training and research on new and emerging technologies in steel
manufacturing.
“The partnership
with IIT Bombay will also allow JSW Group to undertake and intensify R&D
efforts in the Steel sector to develop competent capabilities in the area of
steel technology for the Indian conglomerate. The JSW Technology Hub will also
be the nodal point for JSW Group's research activities beyond the steel
domain,' said the institute.
The
organisations will jointly collaborate to undertake research to develop
patented industrial applications and solutions. SW could decide to
operationalize as well as commercialize these industrial applications in the
future. A Joint Steering Committee will be established with representation
from both organisations.
“Our
strategic partnership with IIT Bombay is a one-of-its-kind industry-academia
collaboration for the advancement of research in steel manufacturing. This
powerful combination will jointly leverage IIT Bombay's knowledge-rich
faculties and JSW's technical capabilities to develop novel industrial
applications for steel manufacturing with a focus on low carbon emissions,
'Sangita Jindal, Chairperson of JSW Foundation said.
Jindal
further added that this partnership will also initiate new academic courses
while consolidating existing courses.
“We will
also provide academic and technical leadership in broad areas of research while
working towards increasing steel consumption in the country,” he said.
IIT
Bombay- JSW group collaboration is another step in the direction to further
strengthen the Indian steel industry. (KNN Bureau)