The Indian Institute of Technology (IIT) Hyderabad has entered into a research partnership agreement with Ontario-based McMaster University, which will generate opportunities to create intellectual property through innovation and to commercialise research outcomes.The agreement is one of the several such pacts valued over than 11.5 million dollars signed during the current visit of Kathleen Wynne, Premier of Ontario, Canada in India.
Speaking at a plenary session attended by Ontario delegates and representatives from Indian companies Wynne said there is a long history between India and Ontario have a long history of working together generating trade, jobs and economic growth for both regions.”The seven agreements signed today will benefit India and Ontario for years to come, and the new MOU between Ontario and Telangana will help strengthen commercial ties across key sectors, including urban infrastructure, information and communications technology, and education,” Wynne said as per a statement released today.
Among other agreements signed are one between Astra Microwave Products Limited and Vaughan, Ontario-based Unique Broadband Systems Limited established a joint venture to provide broadcasting services, satellite uplinking and medical imaging products to India and other regional markets.Another one between Nuclear Fuel Complex and Toronto, Ontario-based Kinectics for a partnership in the Canada India nuclear energy initiatives, the statement added.Ottawa based Solantro and their Indian partner, Smarttrack will collaborate on the development of power electric solutions for renewable energy and micro inverters while DataWind signed a MOU with the Government of Telangana to open a manufacturing base in Hyderabad which is expected to be in production within months, the statement said.
Source:PTI
