logo
IIT-BHU, Hindalco ink MoU for research-based internship programme

IIT-BHU, Hindalco ink MoU for research-based internship programme

Time of India09-07-2025
Varanasi: In a major step toward strengthening industry-academia ties, the Indian Institute of Technology (IIT), BHU and Hindalco Industries Limited signed a Memorandum of Understanding (
MoU
) on Tuesday to launch a six-month research-driven internship programme for M.Tech students.
The internships will be hosted at Hindalco's Renukoot plant.
The initiative aims to provide engineering students with the opportunity to engage in real-world industrial environments, allowing them to work on production, process control, and innovation-driven projects. The collaboration is expected to significantly enhance students' practical knowledge while contributing to national missions such as 'Make in India', 'Viksit Bharat 2047', and 'Aatmanirbhar Bharat'.
Given the growing potential of aluminium-based technologies, this partnership is a forward-looking step towards long-term industrial advancement.
Speaking on the occasion, IIT-BHU Director Prof Amit Patra said, "This partnership will allow students to undertake research in a dynamic industrial environment, equipping them with deeper insights and fostering innovation. Collaborating with a global industry leader like Hindalco brings tremendous value to this initiative."
Echoing similar sentiments, Prof. Sushant Kumar Srivastava noted, "This MoU will significantly strengthen students' exposure to industrial processes and sharpen their professional capabilities, while also driving innovation in India's metal sector. It marks a leap forward in enriching technical education."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Govt waives BIS certification for 202 foreign steel licences to aid domestic plants
Govt waives BIS certification for 202 foreign steel licences to aid domestic plants

Mint

time9 hours ago

  • Mint

Govt waives BIS certification for 202 foreign steel licences to aid domestic plants

New Delhi: The steel ministry has exempted 202 foreign steel licences from the mandatory Bureau of Indian Standards (BIS) quality certification under the Steel Import Monitoring System (SIMS) portal, in a move to ease supply bottlenecks for domestic steel producers. Announced through an order on 8 August, the exemptions cover manufacturers from 17 countries, including Japan, South Korea, Germany, Italy, France, Russia, and the US. Japan leads the list with over 80 licences, followed by South Korea with more than 50. These countries are major suppliers of high-grade steel used in automotive, engineering, and specialised industrial applications. The decision was taken 'in pursuance' of an 11 July directive that allows such exemptions based on self-declaration by companies, subject to BIS verification, the order said. The move is aimed at ensuring the uninterrupted availability of high-quality inputs for domestic steel producers, particularly integrated steel plants (ISPs), without delays linked to certification requirements. 'This is a continuous exercise and additional licences may be exempted as and when requests are received,' the ministry noted in the order. The BIS quality certification requirement, introduced to curb substandard imports and support domestic steelmakers, has been flagged by industry as a cause of supply bottlenecks for certain grades of steel not produced locally. Exemptions like this help balance quality control with industrial demand, especially as India pushes to scale up manufacturing under 'Make in India' and meet infrastructure growth targets. The government's decision will benefit major players like Japan's Nippon Steel, JFE Steel, and South Korea's Posco and Hyundai Steel. The exemptions could also help control input costs for ISPs at a time when global steel prices remain volatile. However, trade analysts view this move as a temporary relief for the industry. 'The rationale behind such requirements remains questionable—especially when BIS certification of the final rolling mill product already ensures raw material compliance. Micro small and medium enterprises (MSMEs), which rely on rolling mills for small, flexible orders, cannot feasibly source directly from large integrated steel plants, making such upstream restrictions impractical,' said Ajay Srivastava, founder, Global Trade Research Initiative (GTRI), a think tank. In a related development, the steel ministry announced that it will hold an 'Open House' on 19 August to address industry concerns over the Steel Import Monitoring System (SIMS), Quality Control Orders (QCOs) and No Objection Certificates (NOCs) for steel imports. Companies and industry associations will be able to present specific issues related to these regulations directly to ministry officials, as per the ministry statement issued on Monday. India's finished steel imports fell 27.6% in the first two months of the current financial year, as shipments from China and Japan declined, as per the government's provisional data. India, the world's second-biggest crude steel producer, imported 0.9 million metric tonnes of finished steel during April-May, the data showed, with shipments from China dropping 47.7% and from Japan falling 65.6% from a year ago. China exported 0.2 million metric tonnes of finished steel to India during the two months, while Japan shipped 0.1 million metric tonnes during the period, the data showed. South Korea was the top finished steel exporter to India during April-May, with shipments rising 8.2% to 0.4 million metric tonnes, the data showed. Imports from China, Japan, and South Korea accounted for 74.4% of India's overall finished steel imports, and hot-rolled coils or strips were India's biggest imports, the data showed.

No need to worry about US tariffs, duty hike on shrimp chance to boost Indian market: Nitesh Rane
No need to worry about US tariffs, duty hike on shrimp chance to boost Indian market: Nitesh Rane

Time of India

time11 hours ago

  • Time of India

No need to worry about US tariffs, duty hike on shrimp chance to boost Indian market: Nitesh Rane

Maharashtra Fisheries Minister Nitesh Rane on Monday said the recent increase in tariff on shrimp exported to the United States from India should be seen as an opportunity to expand the country's domestic market for prawns and other seafood items. Advising stakeholders not to worry too much about the US tariffs, Rane noted Europe and Vietnam are good export markets for Indian shrimp, but added the domestic seafood market is big enough to support farmers and fishermen. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Last week, the US further raised reciprocal tariffs from 25 per cent to up to 50 per cent on Indian goods. According to the Seafood Export Association of India (SEAI), USD 2 billion worth of shrimp exports to the US face severe disruptions due to higher tariffs imposed by President Donald Trump. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like He is our only child, we cannot see him suffer. Help us! Donate For Health Donate Now Undo India exported USD 2.8 billion worth of shrimps to America in 2024 and has shipped USD 500 million worth so far this year. The new duties make Indian seafood significantly less competitive compared to China, Vietnam and Thailand, which face US tariffs of only 20-30 per cent, said SEAI secretary general K N Raghavan. Maharashtra minister Rane opined the the higher US tariff on shrimp provides an opportunity to boost Indian market. Live Events "Earlier, there was a 16 per cent tariff on shrimp, but it was raised to 60 per cent during the Trump administration. I have appealed to prawn consumers to expand and spread our domestic market. If everyone thinks of increasing prawn consumption, it will greatly benefit the domestic market and support the Prime Minister's Aatmanirbhar Bharat policy," he told reporters in Mumbai. Calling the new scenario a "golden opportunity" for prawn producers, Rane maintained India's seafood market is strong enough to support farmers and fishermen. "People should not worry too much about the tariffs. It would be better to promote prawns and other seafood items. Europe and Vietnam are good export markets for us, but why do we focus only on exports? My priority is my state and my country. If we export so much of our production, who will cater to the domestic market?" he asked. Rane said a recent report suggested India's fishery production had reduced, but Maharashtra's output had increased due to favourable policies implemented under Chief Minister Devendra Fadnavis. On the future of Mumbai's Sassoon Dock, one of the city's oldest fish landing sites, the BJP minister declared it would "never be closed". Rane said he had spoken to Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal to find a solution to the court's order related to the dock and sought 30 days to work on it. "No fisherman will face eviction," the state minister assured. In 2023, the Bombay High Court had stressed the need to modernise docks in Mumbai to address the concern of pollution caused by solid waste accumulation at these spots due to fishing activities. During the monsoon session of the state legislature, the Shiv Sena (UBT) had raised concerns over the eviction threat faced by the Koli community at Sassoon Dock amid a prolonged dispute between Maharashtra Fisheries Development Corporation (MFDC) and Mumbai Port Trust (MbPT). The dispute, which is over a decade old, began after MbPT issued eviction notices alleging MFDC had failed to pay lease rent. MFDC had leased the land in question from MbPT and sublet it to local fishermen and fish traders.

ET Make in India SME Regional Summits: Punjab's next growth story must be innovation-led
ET Make in India SME Regional Summits: Punjab's next growth story must be innovation-led

Time of India

time12 hours ago

  • Time of India

ET Make in India SME Regional Summits: Punjab's next growth story must be innovation-led

Live Events From leading India's Green Revolution to building a thriving manufacturing base, Punjab has been a cornerstone of the country's economic progress. But as the global economy shifts into a new, digitally-driven era, the state now faces a crucial question: will it follow, or will it lead?Speaking at the ET Make in India SME Regional Summit in Chandigarh, Shailendra Tyagi, Director of the Software Technology Parks of India (STPI), Ministry of Electronics & IT, made a compelling case for the latter. 'The time has come for Punjab to script its next success story: a story of innovation-driven resurgence, startup-led growth, and MSME inclusivity,' he said in his opening keynote, 'From Policy to Prosperity: A Roadmap for MSME Success'.This edition of the ET SME Summits, which took place on August 7, had IDBI as banking and lending partner, and Canon as the tech numbers reveal both strengths and challenges for Punjab, Tyagi added. Over the past decade, Punjab's Gross State Domestic Product (GSDP) nearly doubled to ₹7.44 lakh crore in 2023-24. Yet, with an average annual growth rate of 4.6%, which lags behind the national average of 5.7%, the state's industrial output has stagnated at around 24% of GSDP. Agriculture still contributes a hefty 27%, while manufacturing struggles to gain new pointed to the state's micro, small, and medium enterprises (MSME) sector, home to over 160,000 registered units, as both a key driver and a sector in need of transformation, especially in adopting new technology, accessing markets, and ensuring financial sustainability. Encouragingly, Punjab's startup count has soared from just seven in 2016 to over 800 today, thanks to initiatives such as Make in India, Atmanirbhar Bharat, and the Production Linked Incentive (PLI) too is getting a boost through the PM GatiShakti plan, with projects like the Amritsar-Jamnagar Corridor and Ludhiana-Ajmer Expressway promising better connectivity. Meanwhile, export-oriented industries are benefitting from schemes like RoDTEP (Remission of Duties and Taxes on Exported Products).At the heart of Tyagi's vision is innovation, and STPI is playing a leading role. Its Mohali centre offers plug-and-play incubation, high-speed connectivity, cloud access, and AI-focused entrepreneurship support through the 'Neuron Centre'. Currently, 162 STP and ESDP (Science and Technology Park, Entrepreneurship and Skill Development Programme) units in Punjab export goods and services worth ₹4,100 crore, with more being nurtured under the Next Generation Incubation stressed that Punjab's transformation will require coordinated action: industrial diversification, high-value manufacturing, digital MSME adoption, skill development, ease of doing business, and investment facilitation. 'The framework is in place. What we now need is relentless execution, data-driven governance, and continuous stakeholder collaboration,' he closing message at the ET Make in India SME Regional Summit - Chandigarh was clear and urgent: the next decade must be one of strategic action. 'Let us move decisively from policy to prosperity,' Tyagi ET Make in India SME Regional Summits, ET MSME Day, and ET MSME Awards are flagship initiatives to celebrate the versatility and success of India's MSME sector. If you lead or are part of a micro, small, or medium enterprise, register for the ET MSME Awards 2025 before August 31, 2025.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store