Tata Power & Tamil Nadu Govt Partner to Scale Neurodiversity Inclusion Systems

In a decisive step toward building structured and scalable neurodiversity inclusion systems, Tata Power Community Development Trust (TPCDT) has signed a Memorandum of Understanding (MoU) with the Commissionerate for Welfare of the Differently Abled (CWDA), Government of Tamil Nadu. The partnership will strengthen the Tamil Nadu Rights (TN RIGHTS) programme under Tata Power’s flagship initiative Pay Autention.

Neurodiversity is the concept that neurological differences—such as autism, ADHD, dyslexia, and other conditions—are natural variations of the human brain, not deficits or disorders. It emphasizes acceptance, inclusion, and recognition of diverse ways of thinking, learning, and interacting.  

The collaboration is designed to build an integrated ecosystem that strengthens frontline capacity, enhances service delivery through technology-enabled systems, and exposure for industry-aligned livelihood pathways for Persons with Disabilities (PwDs). Over the next three years, the initiative will focus on structured training, community-based neurodiversity care models, and scalable interventions across districts in Tamil Nadu.

The MoU was signed by Tmt. M. Lakshmi, IAS, State Commissioner for Welfare of the Differently Abled, Government of Tamil Nadu, and Mr. Himal Tewari, CHRO and Chief Sustainability Officer, Tata Power and Chairperson, Tata Power Community Development Trust, in the presence of senior leadership from both institutions.

As part of the partnership, TPCDT will strengthen programme architecture, develop an open-source LMS, structured training modules, conduct Training of Trainers (ToT) programmes, integrate technology-enabled solutions, home-based care models, while also creating industry-aligned volunteering ecosystems that offer wider exposure and essential life skills within the TN RIGHTS framework. The initiative will also pilot community-based neurodiversity care models and structured home-based therapy support, creating systems that can be institutionalised within government delivery mechanisms.

Speaking on the occasion, Mr. Himal Tewari, CHRO and Chief Sustainability Officer, Tata Power, said: “At Tata Power, we believe that inclusion should not depend on isolated initiatives, but must be embedded within the systems that shape everyday lives. Through Pay Autention, we have been building structured ecosystems that support awareness, early intervention, skills, and exposure opportunities for neurodiverse individuals. Our partnership with the Government of Tamil Nadu under the TN RIGHTS programme is an important step toward creating sustainable public frameworks that ensure neurodiverse individuals can thrive with dignity, independence, and opportunity.”

Smt. M. Lakshmi, IAS, State Commissioner for Welfare of the Differently Abled, Government of Tamil Nadu, stated: “The TN RIGHTS programme reflects the Government of Tamil Nadu’s commitment to inclusion and dignity for Persons with Disabilities. We are pleased to partner with Tata Power Community Development Trust in this initiative. This partnership reflects a common vision to strengthen social care services for all disabilities, with special attention towards neurodiversity, and community-based services through capacity building, technology integration, and innovative approaches. Our objective is to strengthen solutions that are sustainable, scalable, and responsive to the needs of Persons with Disabilities.”

Through its flagship Pay Autention initiative, Tata Power Community Development Trust continues to build structured ecosystems that advance dignity, life skills development, and social participation for neurodiverse individuals creating measurable and sustainable impact across communities.

The initiative reflects Tata Power’s sustained commitment to social equity through its Pay Autention program, which advances awareness, early diagnosis, caregiver support, inclusive education, skill development, and workplace integration for neurodiverse individuals. Supported by a network of over 20+ nodal organizations, subject matter experts, and the E-Sanidhya platform developed in collaboration with the Ministry of Social Justice and Empowerment and Tata Elxsi, the initiative has reached more than 30,000 individuals and families, creating meaningful impact across underserved communities.

India’s Healthcare AI Leap: Findability Sciences, Nath School & Kamalnayan Bajaj Hospital Sign Landmark MoU

In a significant step toward accelerating the adoption of Artificial Intelligence in healthcare, Findability Sciences Private Limited, Nath School of Business & Technology, and MMRI Kamalnayan Bajaj Hospital have entered into a tripartite Memorandum of Understanding (MoU) to collaboratively research, develop, test, and deploy AI-driven healthcare solutions.

The MoU establishes a structured framework to build and validate advanced AI applications across clinical decision support, diagnostics augmentation, predictive analytics, operational optimization, patient outcomes, and overall hospital efficiency. The collaboration brings together enterprise-grade AI expertise, academic research rigor, and real-world clinical environments to ensure solutions are practical, ethical, and scalable.

Commenting on the collaboration, Anand Mahurkar, Founder & CEO, Findability Sciences, said:

Healthcare AI must be built where decisions are made—at the intersection of data, clinicians, and real operational constraints. This collaboration allows us to design and validate AI systems that are not only technically sophisticated, but clinically meaningful, compliant, and ready to scale across India’s healthcare ecosystem.

Under the agreement, Findability Sciences will lead the overall AI architecture, model development, platforms, and governance, leveraging its proprietary methodologies and enterprise AI frameworks. Kamalnayan Bajaj Hospital will provide clinical expertise, anonymized healthcare data (in compliance with statutory and ethical norms), and access to live or simulated clinical environments for testing and validation. Nath School of Business & Technology will contribute faculty expertise, research resources, and student participation to support applied research, experimentation, and documentation.

Dr. Geoge Noel Fernandes from MMRI Kamalnayan Bajaj Hospital added: 

Hospitals generate vast amounts of clinical and operational data, yet much of its potential remains untapped. By working closely with an enterprise AI partner and an academic institution, we aim to translate data into actionable intelligence that improves patient outcomes, clinician productivity and hospital efficiency without compromising ethics or patient trust. This is a step towards more efficiency and excellence in patient service.

Representing Nath School of Business & Technology, Harsh Vardhan Jajoo, Director noted:

This MoU exemplifies applied research with purpose. Our faculty and students will engage directly with real healthcare challenges, contributing to AI solutions that are tested in real environments and grounded in rigorous research, while preparing future talent for the evolving healthcare and AI landscape.

Together, the three institutions aim to bridge the gap between AI research and real-world healthcare deployment—moving beyond pilots to solutions that can measurably improve outcomes for patients, clinicians, and hospital systems.

The collaboration also enables the publication of non-confidential academic and research outcomes, subject to intellectual property and confidentiality provisions, reinforcing India’s growing role in responsible and applied AI innovation.

With this MoU, the partners signal a shared commitment to building trustworthy, data-driven healthcare systems, where AI augments clinical judgment, enhances operational resilience, and delivers measurable value at scale.

About Findability Sciences Findability Sciences - Agentic Workflow

About Nath School of Business & Technology Nath School of Business & Technology (NSBT) | Best MBA in Aurangabad

About MMRI Kamalnayan Bajaj Hospital Kamalnayan Bajaj Hospital – The Complete Hospital

Ashok Leyland and PT Pindad Ink Landmark MoU for EVs and Defence Vehicles in Indonesia

Ashok Leyland, the Indian flagship of the Hinduja Group and one of the world’s leading Commercial and Defence Vehicle manufacturers, today signed a landmark Memorandum of Understanding (MoU) with PT Pindad, Indonesia’s premier state-owned defence and industrial equipment manufacturer. The agreement, signed at Pindad’s headquarters in Bandung, marks a major milestone in strengthening bilateral cooperation between the two countries in sustainable mobility and advanced defence technologies.

The MoU outlines a strategic collaboration for the joint development and manufacturing of Electric Buses (EVs) and Defence Vehicles tailored for Indonesia’s growing mobility and national security requirements. The partnership aims to leverage Ashok Leyland’s global expertise in Commercial EV platforms and Defence mobility solutions together with Pindad’s deep engineering capabilities, local manufacturing strength, and longstanding contribution to Indonesia’s defence ecosystem.

The agreement was formalised in the presence of Prof. Sigit P. Santosa, Chief Executive Officer, PT Pindad, Mr. Amandeep Singh, President – International Operations, Defence, LCV & PSB, Ashok Leyland and Lord Tariq, Advisor to the Board, Hinduja Auto.

Indonesia has been accelerating its transition toward sustainable transportation and modernised defence capabilities. This MoU is aligned with the nation’s push for energy-efficient mobility, electric vehicle adoption, and locally produced defence platforms.

Key focus areas under the MoU is to carry out cooperation in the field of Joint Development of Electric Buses and Defence Vehicles.

Mr. Amandeep Singh, President – International Operations, Defence, LCV & PSB, Ashok Leyland, said: “Ashok Leyland has a longstanding legacy of delivering reliable commercial and defence mobility solutions worldwide. Our subsidiary, Switch Mobility has now developed a wide range of electric buses with global appeal. Our partnership with Pindad allows us to jointly develop products uniquely suited to Indonesia’s terrain, infrastructure, and operational needs.”

Uttar Pradesh Secures ~ $32 Billion at Davos with 31 Global MoUs

The Uttar Pradesh government announced that it signed 31 MoUs worth over ₹2.92 lakh crore at the 56th Annual World Economic Forum in Davos (Jan 19–23, 2026), securing major investments in AI, renewable energy, manufacturing, and data centers. This positions UP as a rising hub for global capital and jobs.

Key Highlights from Davos 2026

• Total Investment Secured: Over ₹2.92 lakh crore (~USD 31. 9 billion).
• Number of MoUs: 31 agreements signed.
• Participating Companies: More than 55 global firms engaged with UP’s delegation.
• Delegation Leader: Finance Minister Suresh Kumar Khanna led the UP team.

Sectors Attracting Investment

• Artificial Intelligence (AI): Focus on innovation hubs and applied AI solutions.
• Renewable Energy: Large-scale solar and wind projects to support India’s green transition.
• Data Centers: Infrastructure to support digital economy and cloud services.
• Manufacturing: Expansion in electronics, automotive, and industrial goods.

Implementation Strategy

• Single Window Team: UP will establish a dedicated facilitation unit to ensure smooth execution of MoUs.
• Job Creation: The agreements are expected to generate thousands of new jobs across sectors.
• Trillion-Dollar Economy Goal: These investments align with UP’s ambition to become a trillion-dollar economy in the coming years.

Comparative Context

State/Region	Recent Global Investment Highlights	Scale
Uttar Pradesh (2026)	31 MoUs, ₹2.92 lakh crore at WEF Davos	Very High
Maharashtra (2025)	MoUs worth ₹1.5 lakh crore at domestic investor summit	High
Tamil Nadu (2025)	₹1.2 lakh crore commitments in renewable energy	Moderate

Risks & Challenges

• Execution Gap: Not all MoUs translate into actual projects; monitoring is crucial.
• Infrastructure Readiness: Power, logistics, and land acquisition need rapid upgrades.
• Global Market Volatility: Currency fluctuations and geopolitical risks could affect inflows.
• Policy Continuity: Sustained investor confidence depends on consistent governance and regulatory clarity.

Actionable Takeaway

• Uttar Pradesh is positioning itself as a major investment destination in India, especially in AI, renewable energy, and digital infrastructure.
• The government’s single-window system could reduce bureaucratic hurdles, but stakeholders should track implementation progress closely to assess real opportunities.

DPIIT Signs MoU with Ather Energy to Accelerate EV Manufacturing and Clean Mobility in India

In a strategic move to bolster India’s electric vehicle (EV) sector, the Department for Promotion of Industry and Internal Trade (DPIIT) has announced the signing of a Memorandum of Understanding (MoU) with Bengaluru-based EV manufacturer Ather Energy. The partnership aims to strengthen the country’s clean mobility ecosystem and support deep-tech startups in the EV value chain.

A Push for Indigenous Innovation

The collaboration is part of the Build in Bharat initiative, led by the Startup Policy Forum (SPF)—a coalition of over 50 innovation-driven startups focused on hardware and manufacturing. The MoU outlines a multi-pronged strategy to:

• Provide strategic mentorship for startups developing core EV and battery technologies. 
• Offer infrastructure access and exposure to manufacturing processes. 
• Launch joint innovation programs like the Bharat Startup Grand Challenge. 
• Host skill development initiatives and national events such as Startup Mahakumbh

Voices from the Partnership

Joint Secretary of DPIIT, Sanjiv Singh, emphasized the transformative potential of the EV sector:

Through this partnership with Ather Energy, we aim to catalyse an enabling environment where startups can contribute meaningfully to EV manufacturing, battery innovation, and clean energy solutions.

Ather Energy’s Co-founder and CEO, Tarun Mehta, echoed the sentiment:

We are happy to collaborate with DPIIT to strengthen support systems for hardware and deep-tech startups. With policy support and stronger industry participation, this initiative can help founders tackle core technology challenges and scale high-quality products from India.

Strategic Impact

The MoU is expected to:

• Bridge the gap between early-stage ventures and industrial-scale opportunities. 
• Promote localisation of EV components and battery innovation
• Expand India’s startup base in clean mobility and advanced manufacturing

President and CEO of the Startup Policy Forum, Shweta Rajpal Kohli, described the partnership as a milestone:

Unlocking the potential of India’s manufacturing sector through collaboration is key to building a globally competitive innovation ecosystem.

Context and Momentum

The DPIIT–Ather Energy pact comes amid growing momentum in India’s EV sector, driven by policy incentives, state-level EV programs, and rising consumer adoption. It follows DPIIT’s recent MoU with Maruti Suzuki India, signaling a broader push to integrate startups into the country’s industrial growth narrative.

$50 Billion Worth of Investments Announced at India Global Forum’s ‘NXT25’ in Mumbai

In a major boost to investment and economic growth, Memoranda of Understanding (MoUs) worth approximately $50 billion USD were announced today between the Government of Maharashtra and leading domestic and global investors at the India Global Forum’s ‘NXT25’ Summit, held at the Jio World Convention Centre in Mumbai.

The Mumbai Metropolitan Region Development Authority (MMRDA) signed five major MoUs for infrastructure development in the Mumbai Metropolitan Region, with a total commitment of $49.02 billion USD, including:

• $18.09 billion USD with Housing and Urban Development Corporation Ltd. (HUDCO)
• $12.06 billion USD with REC Limited
• $12.06 billion USD with Power Finance Corporation Limited (PFC)
• $6.03 billion USD with Indian Railway Finance Corporation Ltd. (IRFC)
• $843 million USD with National Bank for Financing Infrastructure and Development (NaBFID)

In a major consumer sector investment, Magnum Ice Cream Company, a division of Unilever and the world’s largest ice cream brand group, signed an MoU to:

• Establish its India headquarters in Mumbai, which will serve as the regional HQ for the Middle East, Turkey, and South Asia (METSA)
• Set up a Global Capability Center (GCC) in Pune with an investment of ₹900 crore (~$108.4 million USD), aimed at consolidating global business services and innovation. The facility is expected to create over 500 direct jobs by 2029

Speaking ahead of the India Global Forum’s NXT25: Leading the Leap Summit in Mumbai, Maharashtra Chief Minister Devendra Fadnavis laid out an ambitious roadmap for the state’s economic and infrastructural growth. In a Q&A with Bloomberg TV’s Haslinda Amin, he was asked about the high debt levels in the state of Maharashtra. He said, "In India, Maharashtra has the best fiscal health. If you look at other states’ fiscal health—our fiscal deficit is below 3%, and our entire debt is just 17% of the GDP."

Speaking on the investor sentiments in the backdrop of global events, he highlighted, “Today is better than yesterday and tomorrow will be better than today. We are interacting with our investors; they are confident and bullish.”

Maharashtra’s Deputy Chief Minister highlighted the state’s growth story and mentioned, “Mumbai is the growth engine of India. We are making Mumbai and Maharashtra smarter. Our vision is to make Maharashtra a launchpad for India’s economic leap in the future.”

Earlier, Manoj Ladwa, Founder and Chairman of India Global Forum, highlighted the role of youth in shaping future-forward dialogues and driving change and said, “We look forward through the eyes of the next generation to a dynamic and globally savvy next gen which is leading the leap in some remarkable ways. Unapologetically bold, ambitious and patient to change the world they brought fresh energy and a sharpening sense of urgency to this platform.

Bringing together CEOs, policymakers, global investors, and industry disruptors, NXT25 explores the biggest trends shaping India’s future on the world stage, spotlighting India’s ambitions for the next 25 years and its emergence as a global powerhouse in investment, technology, sustainability, and innovation.

For session highlights and speaker insights, click here. 

The summit is supported by the UK Government, Government of Maharashtra, and the Commerce Ministry of India. Bloomberg TV is the official international media partner.

Shree Cement Inks Rs. 8,350 Cr MoU with Govt. of Karnataka

MoU aimed to boost industrial growth and create employment in the state

Shree Cement Limited today signed a Memorandum of Understanding (MoU) worth ₹8,350 crore with the Government of Karnataka, committing to invest in the state over the next five years. As part of the MoU, Shree Cement plans to establish state-of-the-art cement manufacturing facilities, generating significant employment opportunities and contributing to Karnataka’s industrial growth and development.

On the occasion of the Global Investors Meet 2025 in Bengaluru, the MoU was signed between Shri Siddaramaia, Hon’ble Chief Minister of Karnataka and Shri Neeraj Akhoury, Managing Director Shree Cement, marking a major milestone in the state’s industrial growth journey. The investment will be directed towards three key projects, enhancing Karnataka’s cement manufacturing capacity.

The MoU between Shree Cement and the Government of Karnataka includes the establishment of an Integrated Cement Plant in Kalaburagi, featuring a clinker capacity of 3.5 MTPA and a cement capacity of 3 MTPA. With an investment of ₹2,500 crore, the plant is expected to create approximately 300 direct jobs and commence operations by 2025. Additionally, a Clinker Grinding Unit with capacity of 3 MTPA will be developed in Bengaluru Rural district with an estimated investment of ₹850 crores. The second proposed unit is expected to create 250 direct job opportunities, with operations scheduled to begin in 2028.

Further, as part of this MoU, Shree Cement also proposes to establish an Integrated Cement Plant with a clinker capacity of 3.5 MTPA and cement capacity of 6 MTPA (in two phases) at Kalaburagi district. This project entails a proposed investment of ₹5,000 crore and is expected to create 750 direct employment opportunities. The plant is slated for completion by 2030 and aligns with Shree Cement’s vision of sustainable growth and operational excellence.

Commenting on the partnership, Shri Neeraj Akhoury, Managing Director, Shree Cement Limited, said, “Karnataka is a key state for us, and the investment of Rs. 8350 crore reflects our commitment to contributing to its economic growth. We are grateful to the Government of Karnataka for their support and look forward to building a sustainable and impactful presence in the region.”

The projects will not only strengthen Shree Cement’s presence in South India but also support Karnataka’s vision of becoming a hub for industrial and infrastructural growth. The Government of Karnataka has assured its full support in facilitating necessary permissions, registrations, approvals and clearances for the timely execution of these projects.

Shree Cement Limited remains committed to sustainable development and will incorporate advanced technologies to ensure environmentally friendly operations.

About Shree Cement Limited

One of the leading cement groups in India, Shree Cement Limited (‘SCL’) (BSE: 500387/ NSE: SHREECEM) is known for its industry leading green credentials, cutting edge innovative practices and cost leadership. It follows ‘highest standards of Corporate Governance and has a long history of enjoying stakeholders’ trust. Shree Cement is known for its high-quality products which are manufactured at advance manufacturing facilities across India and UAE. It is determined to deliver the most sustainable building material solutions to its consumers. The company is relentlessly pursuing its goal of having more than 80 million tonnes of production capacity in the coming years.

Bharat Forge Subsidiary KSSL Signs MOU with L3Harris to Collaborate on Advanced Defense Tech in India

Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge Limited (NYSE: BFL) and L3Harris Technologies (NYSE: LHX) signed a Memorandum of Understanding (MOU) for wider collaboration in supporting advanced defense and security equipment in India.

Under the two-year agreement, both companies will work in close collaboration to provide solutions for mutually agreed opportunities in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C4ISR) technologies. The MOU provides L3Harris with a strong, local partner to support tactical communications network development in India, extending an existing global install footprint of more than 1 million fielded radios across U.S. Department of Defense and allied inventories.

Kalyani Strategic Systems Limited sign MOU with L3Harris Technologies

“This MOU sets the stage for future partnerships and opportunities in India, where the combined strengths of L3Harris and KSSL can contribute to bolster national security for the country,” said Dave Johnson, Vice President, International, L3Harris. “We are excited to move forward and increase our delivery speed in advanced tactical radios and equipment to the Indian Armed Forces.”

The U.S.-India Defense Industrial Cooperation encourages both parties’ support of advanced defense technologies, capabilities and equipment. The MOU is designed to foster collaboration in defence technologies, with a framework for innovation that benefits both L3Harris and KSSL.

“This collaboration unlocks new strategic capabilities and will lead to harnessing new opportunities for quick delivery of sophisticated defense products to the Indian Armed Forces,” said Neelesh Tungar, President & CEO, KSSL. “Aligned with the evolving doctrines and emerging warfare paradigms, this collaboration between KSSL and L3Harris is aimed at serving future strategic requirements, including joint and integrated ISR capabilities.”

While focusing on the Indian market, the collaboration also seeks to establish robust and resilient supply chains outside India for global obligations.

L3Harris has operated in India for more than 21 years, with facilities in New Delhi and Bengaluru. In addition to providing the Indian Armed Forces with sophisticated tactical radios and manned airborne electro-optic/infrared systems, the company provides Futuristic Telecommunications Infrastructure for all Indian airports in partnership with the Airport Authority of India.

Aramco Signs 145 Agreements & MoUs Worth $9 Billion

Saudi Aramco signed 145 agreements and Memoranda of Understanding (MoUs) worth around $9 billion at the In-Kingdom Total Value Add (iktva) Forum & Exhibition 2025. These agreements aim to advance the localization of goods and services in Saudi Arabia, boosting local content in the supply chain and fostering collaboration.

Key Highlights:

ASMO Joint Venture: A joint venture between Saudi Aramco Development Co. and DHL, ASMO commenced operations in Riyadh to redefine the procurement and supply chain landscape in the MENA region.

Novel Non-Metallic Solutions Facility: Inaugurated at King Salman Energy Park, this facility is a joint venture between Aramco and Baker Hughes, focusing on developing and commercializing composite products.

NMDC Offshore Fabrication Yard: Located at Ras Al Khair, this yard provides maritime engineering, equipment, material manufacturing, and fabrication services.

These initiatives are part of Aramco's efforts to enhance supply chain resilience and promote economic growth in Saudi Arabia.

Besides, there are Indian entities among the companies that signed MoUs with Saudi Aramco at the iktva Forum & Exhibition 2025. One notable example is the Indian Strategic Petroleum Reserves Limited (ISPRL), which signed a Memorandum of Understanding (MoU) with Saudi Aramco. This MoU aims to enhance strategic petroleum reserves and strengthen energy security in India.

DPIIT Inks MoU With Startup Policy Forum (SPF) To Boost Country’s Startup Ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce & Industry, has entered into a landmark partnership with the Startup Policy Forum (SPF), a premier industry organization representing India’s leading new-age companies. This strategic collaboration aims to establish India as a global hub for innovation and entrepreneurship.

Dr. Sumeet Kumar Jarangal, Director, Startup India and  Shweta Rajpal Kohli, President & CEO, Startup Policy Forum (L-R)

A highlight of this partnership is the upcoming SPF Startup Baithak, a flagship event scheduled to take place on January 15-16, 2025, at Bharat Mandapam as part of the National Startup Week celebrations. The event will serve as a dynamic platform for fostering meaningful collaborations between DPIIT and SPF members, showcasing groundbreaking innovations, and announcing new initiatives. Furthermore, SPF will join hands with DPIIT to curate specialized immersive programs, designed to connect global investors with India’s vibrant startup ecosystem.

Speaking on the occasion, Sh. Sanjiv, Joint Secretary, Startup India, shared, “This strategic collaboration with SPF underscores DPIIT’s unflinching commitment to create a congenial atmosphere where startups could thrive and contribute immensely to India’s mission of becoming a global innovation hub. The SPF members represent the essence of India’s entrepreneurial spirit and their participation in this mission will play a crucial role in achieving the goal of developed India by 2047.”

Shweta Rajpal Kohli, President & CEO, Startup Policy Forum, expressed her enthusiasm for the partnership by stating, “This alliance is a testament to the shared vision of DPIIT and SPF to cultivate a resilient and thriving startup ecosystem. By fostering impactful collaborations, we aim to position India prominently on the global innovation map and empower entrepreneurs to unlock their full potential.”

Elaborating on the perspective of this groundbreaking initiative, Dr. Sumeet Kumar Jarangal, Director, Startup India stated, “The collaboration aims to amplify innovation, drive technology adoption, and boost manufacturing capabilities in India. By forging partnerships amongst DPIIT and SPF members, the alliance seeks to promote the Indian startup ecosystem globally on the centre stage and facilitate relationship with international stakeholders and ecosystem enablers.”

About Startup Policy Forum:

Startup Policy Forum (SPF) is an industry alliance for India's new-age companies. SPF’s members include many of India’s most successful and valuable startups including Razorpay, CRED, Groww, Zerodha, Pine Labs, OYO, Acko, Swiggy, Dream11, Mobile Premier League (MPL), Livspace, Cars24, Cardekho, Mobikwik among others. SPF’s mission is to be a trusted partner to founders and policymakers. It engages in policy advocacy for new age companies, promotes the Indian startup ecosystem on a global stage and brings together a curated community of leading startups and founders. The Forum provides a platform for networking, community engagement, and consensus building, enabling startups across diverse sectors to scale both domestically and overseas.

Tata Electronics Signs MoU with Tokyo Electron to Purchase Semiconductor Equipment and Services

Tata Electronics has signed a memorandum of understanding (MoU) with Tokyo Electron Limited (TEL) to purchase semiconductor equipment and services.

This strategic partnership aims to accelerate the semiconductor equipment infrastructure for India's first Fab being built by Tata Electronics in Dholera, Gujarat, and its assembly and test facility in Jagiroad, Assam.

The collaboration will focus on both front-end fabrication (creating semiconductor wafers) and back-end packaging (assembling and testing semiconductor chips).

Additionally, Tata Electronics' workforce will receive training on TEL equipment. Tata Electronics' workforce will receive specialized training on Tokyo Electron's equipment, ensuring high-quality production and maintenance.

The collaboration will also support ongoing R&D initiatives to improve semiconductor manufacturing processes and technologies

Further, TEL will explore opportunities to leverage India's talent to establish engineering services in India. TEL plans to leverage India's talent pool to establish engineering services in India, supporting its global product development efforts.

This collaboration is expected to strengthen the semiconductor manufacturing ecosystem in India and drive innovation across multiple technology nodes.

Notably, Tata Electronics is building India's first semiconductor fabrication unit (Fab) in Dholera, Gujarat, with an investment of Rs 91,000 crore. Additionally, they are setting up an assembly and test facility in Jagiroad, Assam, with an investment of Rs 27,000 crore.

This strategic collaboration aims to create a robust semiconductor manufacturing ecosystem in India, driving innovation and supporting various applications such as automotive, mobile devices, artificial intelligence (AI), and more.

Originally established as Tokyo Electron Laboratories, Inc. in 1963, Tokyo Electron Limited (TEL) is a leading global company headquartered in Tokyo, Japan. It specializes in providing solutions for the MAGIC market (Metaverse, Autonomous Mobility, Green Energy, IoT & Information, Communications). The company operates in Japan, Taiwan, North America, South Korea, Europe, Southeast Asia, and China.

TEL has a presence in India primarily through its collaboration with Tata Electronics for the semiconductor manufacturing project. While TEL's direct operations in India are focused on this partnership, their advanced semiconductor equipment and solutions are being utilized to build India's first semiconductor fabrication unit (Fab) in Dholera, Gujarat, and an assembly and test facility in Jagiroad, Assam.

The TEL-Tata Electronics collaboration is expected to enhance India's semiconductor manufacturing capabilities and contribute to the growth of the electronics and technology sectors in the country.

Flipkart To Amazon, DPIIT Inks 6 MoUs in this Month Alone, To Boost Startup Ecosystem

Since October this year, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed several Memorandums of Understanding (MoUs) to boost India's startup ecosystem. Here are six of them inked in this month alone:

1. HCLSoftware: DPIIT signed an MoU with HCLSoftware to support India's startup manufacturing ecosystem under the Startup India initiative. This collaboration aims to provide startups with global market exposure and help them showcase their products and services worldwide.

2. Flipkart: DPIIT partnered with Flipkart to invest in and mentor Indian startups. This MoU is part of Flipkart's USD 100 million venture fund initiative, which aims to support tech startups across India.

3. HDFC Bank: DPIIT signed an MoU with HDFC Bank to provide startups with world-class banking and financial services. This collaboration aims to address critical challenges like funding and financial management, creating a conducive environment for startups to innovate and grow.

4. Tally Solutions: DPIIT signed an MoU with Tally Solutions to mentor manufacturing startups. Tally will offer training, case studies, and expert-led sessions to help startups streamline operations, adopt scalable business practices, and address challenges in financial management, compliance, marketing, and digitization.

5. WinZO: DPIIT signed a two-year MoU with WinZO, India's largest social gaming and interactive entertainment platform. This partnership aims to accelerate the growth of India's interactive entertainment sector by fostering innovation, creating skilled talent, and scaling startups to compete globally.

6. Amazon: DPIIT signed an MoU with Amazon to propel India's manufacturing ambitions. Amazon has earmarked $120 million from its Smbhav Venture Fund to invest in startups that digitize consumer goods manufacturing in India and cater to domestic and global demand.

Beside these six MoUs, DPIIT signed an MoU with Hitachi, Merck Life Science and Shree Cements to boost innovation and technology development in India. This collaboration aims to enhance research and development capabilities, promote advanced manufacturing, and support startups in these fields.

DPIIT signed an MoU with Johnson Controls-Hitachi Air Conditioning India to establish a startup incubator in Gujarat. This incubator is designed to support manufacturing-focused startups by providing mentorship, guidance, and access to world-class R&D, prototyping, and testing processes. The goal is to foster technological advancements, sustainability, and energy efficiency.

The incubator will help startups with concept-to-prototype development, project viability assessment, and go-to-market strategies. It will also support them in managing potential funding needs and other necessary services such as legal and IP filing for commercialization of innovative products.

DPIIT signed an MoU with Merck Life Science India on November 26, 2024. This collaboration is part of the Startup India initiative and aims to empower emerging biotech startups by providing access to cutting-edge global technologies. The goal is to foster innovation, promote new product development, and strengthen India's biotech manufacturing ecosystem.

DPIIT signed an MoU with Shree Cement to empower and promote manufacturing incubation. This partnership aims to strengthen India's manufacturing ecosystem by encouraging product startups, innovators, and entrepreneurs. Through this collaboration, Shree Cement will offer infrastructure, mentorship, access to funding, and market connections to help startups from prototype development to potential international expansion.

The initiative will encourage and motivate biotech startups, innovators, and entrepreneurs by nurturing ideas and helping them overcome the "valley of death" – the critical phase where many startups struggle to survive.

These partnerships are part of DPIIT's broader efforts to foster innovation, entrepreneurship, and economic growth in India.

Tata Group and US-based Analog Devices Ink MoU for Semiconductor Manufacturing in India

Tata Group and Analog Devices Inc (ADI), a global semiconductor leader, have announced a strategic alliance to explore potential cooperative manufacturing opportunities.

This collaboration involves Tata Electronics, Tata Motors, and Tejas Networks signing a Memorandum of Understanding (MoU) with ADI to enhance strategic and business cooperation. 

The alliance aims to leverage ADI’s semiconductor solutions and Tata’s manufacturing capabilities to develop advanced products for various applications, including electric vehicles and network infrastructure

The companies also agree to have strategic roadmap alignment discussions.

The joint effort is expected to be mutually beneficial and is a significant step in establishing a robust electronics manufacturing ecosystem in India both for domestic and global consumption.

N Chandrasekaran, Chairman of Tata Sons, said, "The Tata Group is deeply committed to pioneering a thriving semiconductor industry in India. We are excited to partner with ADI across the semiconductor value chain and explore collaboration between ADI and Tata Group companies to design and offer advanced products to serve our customers."

"At ADI, we are thrilled to join efforts with the Tata Group in advancing India's semiconductor ecosystem. This joint effort aligns with our commitment to innovation and sustainable growth in the region. By combining our real-world semiconductor solutions and software expertise with Tata's vision and capabilities, we can accelerate the development of cutting-edge technologies, from electric vehicles to next-generation network infrastructure. Together, we are not only building a stronger semiconductor ecosystem but also shaping the future of global electronics manufacturing," said Vincent Roche, CEO and Chair at ADI.

Earlier, Tata Electronics announced that it is investing in its own facilities by building India's first fab in Dholera, Gujarat with a total investment of $11 billion. In addition, Tata Electronics will be investing another $3 billion in a greenfield facility in Jagiroad, Assam for the assembly and testing of semiconductor chips.

Tata Electronics and ADI intend to explore opportunities to manufacture ADI's products in Tata Electronics' fab in Gujarat and OSAT in Assam. Tata Motors and ADI intend to explore opportunities for engagement in electronics hardware components for energy storage solutions and power electronics in both commercial and passenger vehicle businesses. Tejas Networks and ADI intend to explore opportunities for engagement in electronics hardware components for network infrastructure.

Analog Devices, Inc. (ADI)'s India office is located in Bengaluru, where it engages in various activities, including research and development, customer support, and business operations.

ADI conducts extensive research and development (R&D) in India, primarily through its facility in Bengaluru. This center, consisting of around 300 engineers, is one of ADI’s top global design hubs and focuses on developing cutting-edge technologies and solutions for various markets. The company develops advanced semiconductor solutions for electric vehicles, autonomous driving, and other automotive applications.

Tata Elxsi Inks MoU with Japan's Nidec to Enhance Its Software Development Capability

Nidec Corporation (formerly known as Nippon Densan Corporation), the Japanese manufacturer and distributor of electric motors, has recently executed a memorandum of understanding (MOU) with India's Tata Elxsi Ltd. The MOU, signed on July 22, 2024, aims to enhance Nidec's software development capability.

Tata Elxsi, a design and technology service provider, will contribute its know-how and resources to accelerate Nidec's group-wide software development efforts. Additionally, the collaboration intends to develop software programs for India and other markets while supporting the establishment of a global business base for Nidec's software development in the future.

Tata Elxsi, part of the Tata Group, specializes in design, technology development, system integration, and software services across various industries, including automotive, healthcare, and telecommunications. Nidec, a comprehensive motor manufacturer, continues to innovate and provide efficient products worldwide.

Nidec Corporation, formerly known as Nippon Densan Corporation, is a Japanese manufacturer and distributor of electric motors. Their products are widely used in various applications, including hard-disk drives, electric appliances, automobiles, and commercial and manufacturing equipment. The company has the largest global market share for the tiny spindle motors that power hard-disk drives.

The execution of the MOU aims to enable Nidec to utilize Tata Elxsi’s knowhow and resources to accelerate Nidec’s group-wide enhancement of its software development capability. Tata Elxsi’s technologies are adopted in autonomous driving and other types of advanced driver assistance systems, electrification, connected car solutions, and other automobile engineering-related services.

In India, Nidec is Nidec India Private Limited and operates a factory in Neemrana, Rajasthan, where it manufactures and sells various types of motors.

Nidec India recently expanded its factory to include a second building. This new facility focuses on manufacturing drive motors for electric bikes (e-bikes) with an output of 30 kW or less.

Tech Mahindra and Pegatron Inks MoU for Developing AI-Enabled Private 5G Networks for Global Enterprises

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, and Pegatron, a global leader in technology and electronics manufacturing, on Wednesday, announced the signing of a Memorandum of Understanding (MoU) at Mobile World Congress (MWC) 2024. The two organisations will develop private 5G solutions for global enterprises. The partnership between the organizations will explore mutually beneficial opportunities in the fast-growing private 5G space, positioning it as a catalyst for business growth.

The partnership will leverage purpose-built private 5G product portfolio marketed under Pegatron 5G business unit, coupled with Tech Mahindra's proven expertise in large-scale 5G transformations, to provide end-to-end 5G for Enterprise (5G4E) solutions for global enterprises and manufacturing customers. It will enable the two organisations to jointly identify opportunities globally, with Pegatron providing the 5G connectivity layer and Tech Mahindra offering end-to-end 5G services. The combined efforts will further accelerate the implementation of artificial intelligence (AI) applications and edge computing technology through 5G and help various industries accelerate their network adoption.

Harshvendra Soin, President – Asia Pacific and Japan Business, Tech Mahindra, said, “Manufacturers and enterprises are constantly seeking new ways to enhance operational efficiency and build more resilient processes. 5G technology can unlock new levels of innovation and productivity, paving the way for a more connected and efficient future. Our robust market presence, close ties with telcos, communication partners, and extensive expertise in global 5G4E rollout will successfully provide IT and network services to Pegatron. Additionally, Tech Mahinda will be able to reach a wider segment of customers through Pegatron's 5G private networks and small cells portfolio.”

With Tech Mahindra's 5G4E transformation programs, Pegatron will gain insights to refine its portfolio based on specific geographic, industrial, user, technological, and regulatory considerations, especially in the APJI region. The partnership will also focus on enhancing digital resilience for disaster response and improving communication in disaster-prone or remote areas. It further aims to aid first-line disaster relief units with energy-efficient solutions using 5G Radio Access Network and satellite communication technology.

Dr. Shue, Chief Technology Officer, Pegatron, said,“We have always been committed to applying the most advanced technology to enhance customer value. We are honored to collaborate with Tech Mahindra which will unlock opportunities for enterprises across the globe to experience this strong 5G product portfolio to create resilient and efficient network solutions around AI-led use-cases that will help optimize their investments. The partnership puts us in a unique position to drive the next wave of industrial automation and bring significant value to our customers.”

Tech Mahindra will utilize Pegatron’s diversified 5G product portfolio to deliver comprehensive solutions that meet enterprise customer expectations in terms of cost efficiency, resilience, cloud and AI connectivity, high availability, resource optimization, and energy savings. Tech Mahindra is already a long-standing partner for Pegatron Corporation, providing device engineering services to its communications business unit.

Established in January 2008, Pegatron leverages extensive high-end consumer and commercial communications product development expertise with a vertically integrated manufacturing approach to provide end-to-end 5G network solutions. Our extensive manufacturing spans across 16 global operational sites with over 147,000 employees. This requires a prominent level of employee cohesion, rooted in the efficient delivery of professional, innovative, systematic, and comprehensive high-technology services that meet the diverse needs of our global clients, including global telecommunication service providers and system integrators.

Pegatron 5G is a dedicated division formed in 2018 that is based on the passion for innovation that drives our team to use in-depth insights into the needs of various aspects of industrial transformation. We continuously build upon the newest breakthroughs in 5G technologies, which open unlimited possibilities for the telecommunication industry.

India Inks MoU with Colombia for Sharing Successful Digital Solutions Via India Stack

• India signs MoU with Colombia on sharing India's open-sourced DPIs
• MoU intends to promote digital transformation via India Stack
• Colombia seeks to transform itself from consumer to technological producer with the strategic collaboration of India, world leader in Digital Government, Artificial Intelligence and information technologies.

India and Colombia signed a Memorandum of Understanding (MoU) on Cooperation in the field of Sharing Successful Digital Solutions Implemented at Population Scale for Digital Transformation. It was signed between the Ministry of Electronics and Information Technology (MeitY) and the Information Technologies and Communications of Colombia.

Union Minister of State for Electronics and IT, Skill Development & Entrepreneurship, and Jal Shakti, Mr Rajeev Chandrasekhar exchanged the MoU with Mr. Mauricio Lizcano, Minister of Information Technologies and Communications of Colombia.

The MoU intends to promote digital transformation (viz INDIA STACK) through capacity-building programs, the exchange of best practices, the exchange of public officials and experts, the development of pilot or demo solutions and the facilitation of private sector contacts to mutually benefit the digital ecosystems of both countries.

Introduced in 2009, INDIA STACK is the largest open API in the world that allows governments, businesses, startups and developers to utilize a unique digital Infrastructure to solve India’s hard problems towards presence-less, paperless, and cashless service delivery. 

Both sides discussed the importance of Digital Public Infrastructures. These infrastructures constitute a set of shared digital systems that are secure and interoperable. They can be built on open standards to deliver and provide equitable access to public and private services. India Stack Solutions are DPIs developed and implemented by India at population scale to provide access and delivery of public services.

 

India is keen on partnering with Colombia by building upon development partnership on digital transformation leading to a smooth adoption of Digital Public Infrastructure in Colombia.

Colombia, which until now has been mainly a consumer of technology, aspires to take a significant turn with this strategic partnership. India, recognized as one of the world leaders in technology, will share its knowledge to empower Colombia as a technology producer in crucial areas such as Digital Government, Artificial Intelligence, talent training in Information Technology (IT) and Digital Public Infrastructure.

The agreement contemplates the creation of a joint working group that will strengthen cooperation in technology transfer, development of public digital infrastructure and training of human talent. In addition, it will focus on advancing digital transformation in key areas such as Digital Government and Artificial Intelligence.

National Stock Exchange and Uttarakhand Govt Sign MoU To Enable The State's SMEs Raise Funds via IPOs

Also discussed, issuances of Sustainability Linked Bonds towards financing infrastructure and development projects. 

India’s leading stock exchange, National Stock Exchange (NSE) and the Government of Uttarakhand have signed a Memorandum of Understanding (MoU) to spread awareness amongst MSMEs of the state for fund raising via IPO mechanism using NSE SME Platform - Emerge.

A team of Senior officials of Uttarakhand Government led by Hon’ble Chief Minister, Shri Pushkar Singh Dhami, visited NSE, Head Office at BKC, Mumbai today.

The MoU was exchanged between the Government of Uttarakhand and National Stock Exchange on 6th November 2023 at NSE BKC office, Mumbai. As part of the understanding, NSE with the support of the Government of Uttarakhand, will conduct awareness drive through seminars, MSME camps, knowledge sessions, road shows, workshops to guide corporates across the state for fund raising on NSE Emerge platform and handhold the companies in the listing process.

In addition to the customa5ry bell ringing ceremony, a high-level meeting was held among Uttarakhand Government & NSE officials in the presence of Hon’ble Chief Minister Shri Pushkar Singh Dhami and Shri Ashishkumar Chauhan, Managing Director & CEO, NSE. During the meeting various issues including the launch of Sustainability Linked Bonds/Green bonds, Outcome funding on Social Stock Exchange (SSE), generating employment opportunities for rural and urban youth, opportunities in the sector of Power trading and Investor Awareness Sessions across the state were discussed.

Hon’ble Chief Minister Shri Pushkar Singh Dhami, Government of Uttarakhand, said: “The Dev Bhoomi of Uttarakhand is a spiritual land brimming with natural destinations including rivers, glaciers and multiple such attractions. I congratulate the Directorate of Industries (MSME) of the Government of Uttarakhand for signing a MoU with the National Stock Exchange to encourage and support the MSMEs of our state and enable them to pursue the capital market for growth opportunities. As a part of the MOU, we shall jointly conduct awareness sessions for the MSMEs to help them understand the process of fund raising and the benefits of listing on the stock exchange and providing financial literacy programs for youth of the state. We envision launch of Sustainability Linked Bond / Green Bond for infrastructure projects.”

Shri Ashishkumar Chauhan, MD & CEO, NSE said, “Today, at NSE BKC Office, Government of Uttarakhand and National Stock Exchange have entered in a MoU to collaborate and support the growth of MSMEs via NSE Emerge, an alternative fund-raising platform for MSMEs. NSE Emerge enables SMEs to raise capital in an efficient manner and increase their visibility through the listing on the stock exchange.in collaboration with the Government and provide a walk-through of the fund-raising process. We urge the state MSMEs to come forward and avail the new source of financing through NSE Emerge. We are also committed to work with the state government to facilitate issuance of Sustainability Linked Bonds, Outcome funding on Social Stock Exchange (SSE), generating entrepreneurship opportunities for rural and urban youth, opportunities in the sector of Power trading and Investor Awareness Sessions across the state. We look forward for long term association with Government of Uttarakhand for exploring new opportunities under financial market development activity.”

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2022. NSE is ranked 3rd in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2022. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

For more information, please visit: www.nseindia.com

India and UAE Join Hands for Collaboration in Industry and Advanced Tech Including AI, Supply Chain, CleanTech, Space Systems and Industry 4.0

• UAE-India MoU to drive investment and collaboration in industry and advanced technologies
• UAE and India to collaborate in Industry and Advanced Technology, including Supply Chain Resilience, Clean Energy Technology, Healthcare, Space, Industry 4.0 and industrial standards
• Agreement also aims to accelerate development of technologies that can help decarbonize industry and advance renewable energy

The UAE and India will cooperate more closely in sustainable industrial development following a memorandum of understanding (MoU) signed on Thursday at Emirates Palace.

The MoU signed focuses on seven key areas, including supply chain resilience, renewable energy and energy efficiency, health and life sciences, space systems, AI, Industry 4.0 and advanced technologies, as well as standardization and metrology.

In the field of Artificial Intelligence (AI) , the UAE and India will cooperate in the deployment of AI technologies in the space sector, energy, healthcare and supply chains. Both countries will work together to advance capabilities in machine learning and data analytics across priority sectors.

To build supply chain resilience, the UAE and India will collaborate to identify opportunities to supply raw materials. The two countries will also share best practices on industrial enablement and incentivization for industrial growth and development, for instance in areas such as energy, land, CAPEX, OPEX, technology, and labor.

In the energy sector, the UAE and India will collaborate in advancing energy storage technologies, Smart Grid and IoT deployment, and R&D in renewable energy and energy efficiency.

Similarly, in health and life sciences, the countries will collaborate in the development of pharmaceuticals, the use of biotechnology, and R&D.

Under the MoU, the UAE and India will also collaborate in the deployment of 4IR (4th Industrial Revolution) Technologies in industry, real-time data processing, the development of machine-to-machine control systems, the development of autonomous robotics, equipment and vehicles, as well as the deployment of additive manufacturing in key Industries.

With this MoU, both the countries will collaborate in the commercial development, launch and use of small satellites for communication and Earth observation, as well as space exploration. The countries will also collaborate in the development of licensing of space-related materials, in addition to R&D in the Space Technology sector.

The final area of collaboration is standardization, metrology, conformity assessment, accreditation, and Halal certification. The countries will exchange information including procedures, guidelines, and lists of regulated products. The countries will also cooperate to harmonize standards with international requirements and work towards the mutual recognition of the conformity assessment results.

The MoU was signed by His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and His Excellency Mr. Piyush Goyal, India’s Minister of Commerce and Industry, with the presence of His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council.

Focusing on facilitating industrial investments, technology transfer and enabling the deployment of key technologies in industries, the MoU will benefit both countries through joint industrial and technological developments.

Commerce Minister Mr Goyal commented: “This MoU opens new doors to develop cooperation efforts and build an institutional framework in the fields of emerging technologies. It would help in promoting and developing bilateral cooperation in sectors such Space, healthcare, renewable energy, artificial intelligence, and many other vital areas.”

HE Al Jaber said: “In line with the UAE leadership’s vision, we are committed to strengthening bilateral relations to enhance sustainable and economic growth. Given the UAE’s strong relationship with India across the economic, technological, and social domains, we are pleased to sign this MoU to further develop the industrial sector in line with advanced technology and sustainability standards. This aligns with the objectives of the national industrial strategy, and ‘Make it in the Emirates’ initiative, aimed at transforming the UAE into a global hub for advanced industry, especially industries of the future.”

Under the MoU, cooperation includes industrial and academic collaborations as well as collaborative research and development projects. The countries will also share best practices relating to science and technology policies.

NITIE and NSE Join Hands for Academic/Research Collab in Economics & Finance Including FinTech

The National Stock Exchange of India Limited (NSE), India’s leading stock exchange, and the National Institute of Industrial Engineering (NITIE) Mumbai, one of the leading business schools in the country offering education, training and industrial consultancy in the field of Engineering Management signed an MoU for academic and research collaboration in the field of Finance and Economics.

NITIE was formerly known as National Institute for Training in Industrial Engineering, and is a graduate business school under Ministry of HRD, Government of India. It has been ranked 7th in the NIRF Ranking 2023 management category.

The NITIE & NSE MoU covers a wide range of activities including capacity building through design and development of courses in Finance & Economics, undertaking research in cutting edge areas including Fintech and organizing seminars, conferences, and symposia among others, with the underlying objective of creating an industry-ready talent pool by utilizing mutual capabilities.

NSE and NITIE will also collectively work towards contributing to the literature on financial market research in the country and promoting general financial market awareness and policy advocacy. The MOU was signed by Prof. Vivekanand Khanapuri, Dean (Sponsored Research & Industrial Consultancy), NITIE and Dr. Tirthankar Patnaik, Chief Economist, NSE on Thursday, June 22nd, 2023 at NSE’s headquarters in the presence of Shri. Ashishkumar Chauhan, MD & CEO of NSE and senior faculty members from NITIE.

On this occasion, Shri Ashishkumar Chauhan said: “Financial market education is pivotal for attaining greater financial inclusion in our country. The youth of today are the growth engines of our country and therefore require access to the best pedagogy that is designed to meet the current demands of the economy and provide the competency required to fulfill their career aspirations and achieve financial freedom. NSE is happy to collaborate with NITIE to work towards enhancing financial education in India that will the economy, markets and investors.”

Prof. Manoj Kumar Tiwari, Director, NITIE said “This is a momentous occasion for us as it will open newer learning opportunities for our students in the field of finance. The NSE would benefit from the in-depth knowledge and analytical abilities of the NITIE faculty and students. Moreover, the synergistic effects of this collaboration will help in building the right kind of talent pool that India’s ever-expanding financial sector requires. I am confident that the outcome of this association will be positive and mutually beneficial”.

Tata Steel Inks MoU with Germany’s SMS Group for Decarbonising Steel Making Process

Tata Steel Limited and Germany’s SMS group have signed a Memorandum of Understanding (MoU) to collaborate on decarbonisation of steel making process. As part of the MoU, the companies shall undertake further technical discussions and initiate actions for conducting Joint Industrial Demonstration of the EASyMelt technology, developed by SMS group.

The demonstration will be executed at ‘E’ Blast Furnace in Tata Steel’s Jamshedpur plant with an objective to reduce CO2 emission by more than 50% from blast furnace’s baseline operation.

 

Tata Steel Limited Jamshedpur plant

The EASyMelt (electric-assisted syngas smelter) technology is a cutting-edge ironmaking solution that can be implemented in an existing integrated steel plants to accelerate decarbonisation. The core of the technology utilises blast furnace top gas recycling for syngas production through reforming of coke oven gas. The resulting syngas is then injected at both shaft and tuyere level, with the gas injected at the tuyere level further being heated using a plasma torch system.

T. V. Narendran, CEO & MD, Tata Steel, said: “Tata Steel is actively looking for solutions to facilitate the transition to green steel production, and thus contribute to a sustainable future. Further, India being the second largest steel producer in the world also places a huge responsibility on large manufacturers like Tata Steel to lead the country’s decarbonisation journey. We are delighted to reaffirm our partnership with the SMS group and intend to take this association ahead with a deeper collaboration to access better technologies and processes to reduce our carbon footprint in a meaningful and consistent way.”

“We are very proud to team up with a major steel producer like Tata Steel, and look forward to our future interactions as well as the possibility of achieving a first joint reference for our EASyMelt technology,” said Burkhard Dahmen, CEO of SMS group. “This will represent a significant milestone for the decarbonization of existing blast furnace plants worldwide and thus also a significant milestone in the global transformation of steel making.”

In November 2022, Tata Steel and SMS group had signed a MoU to strengthen their collaboration on projects and technology related to green steel and decarbonisation.

Tata Steel is prioritising decarbonisation and has set a goal of achieving net zero carbon emissions by 2045. Earlier this year, Tata Steel successfully carried out trials for record-high hydrogen gas injection in Blast Furnace-E at its Jamshedpur plant. The Company is committed to contributing to India's journey towards industrial decarbonisation and has been consistently taking several steps in this regard including conducting a trial of continuous Coal Bed Methane (CBM) injection in early 2022, installation and continuous operation since September 2021 of 5 tonnes per day (TPD) industrial plant for carbon capture and utilisation from blast furnace off-gas, reducing freshwater consumption, developing sustainable supply chains, and imbibing circular economy.

Tata Steel is the first steel maker in the country to receive the coveted ‘ResponsibleSteel Certification’ for its Jamshedpur plant, placing India on the global decarbonisation and sustainability map.

Disclaimer

Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.

It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world.

The group recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.

A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 70,000.

Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.

The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.

Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.

The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.

Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification.

Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2023 most valuable Mining and Metals brand in India by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.

Received 2022 ERM Global Award of Distinction, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.