Varanasi: The IIT (BHU) is set to contribute design expertise to the manufacturing MSME sector under Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS).
The institute signed a Memorandum of Understanding (MoU) with the Ministry of micro, small and medium enterprise (MSME) to (CLCS-TUS), reported news agency IANS.
The IIT (BHU) will associate as one of the implementation agencies and will facilitate the smooth execution of the scheme, which would be implemented through the office of the Development Commissioner (MSME).
IIT BHU professor of the Mechanical Engineering department, Dr Mohd Zaheer Khan Yusufzai said that the project is aimed at helping MSME manufacturing industries to move up the value chain by switching the production mode from original equipment manufacturing to original design manufacturing.
“Hence, original brand manufacturing, and enhanced strategic design application among MSMEs for improving the manufacturing competitiveness through well design and quality is on the cards. The main objective of this scheme is to bring Indian manufacturing sector and design expertise/fraternity on a common platform and provide expert advice and cost-effective solutions on real time design problems, resulting in new product development, continuous improvement and value addition for existing products including new products,” Dr Yusufzai was quoted as saying by the agency.