The blueprint of the Center was prepared following an initial meeting at IIT Kharagpur last year.
A statement from the Institute said, the necessity for the Center has been felt for decades with foreign manufacturers of capital goods exporting to India for higher profitability rather than setting up manufacturing centers in India.
This has led to lower levels of technology transfer and a much higher import bill in the capital goods sector, it added.
"A state-of-the-art center on advanced manufacturing technologies in Eastern India has been long overdue. I have intensely felt the need for the resurgence of small and medium scale enterprises in the region, which needs to get more competitive with the rest of the country. My vision is to achieve this through a common platform of academia, corporate houses, and enterprises which must come together in a synergistic way. It is my firm belief that IIT Kharagpur, with its extensive experience in industrial research and incubation, is the best choice to lead this initiative," said Babul Supriyo during the event.
A key focus of the Center will be to make the Indian Capital Goods Sector globally competitive and support the imminent need to increase the depth in manufacturing through innovation and technology up-gradation in four important areas, namely Speciality materials, Process Automation, Additive manufacturing, and Digital interventions as envisaged in Industry 4.0.
"It is unique for the leading industrial houses in India to come together to form a consortium and jointly support an academic Center on Advanced Manufacturing Technologies. We chose the consortium model for industrial partnership because the need for an infusion of next-gen technology in the manufacturing sector transcends domestic competition and needs the concerted cooperation of all industrial houses in this sector. The consortium will also enable self-sustainability of the Center beyond the period of DHI support" said Prof Pallab Dasgupta, Dean Sponsored Research, IIT Kharagpur.
The consortium features stellar industrial houses, including Tata Sons, Tata Motors, Tata Steel, TCS, Ramkrishna Forgings, Heavy Engineering Corporation, Bharat Heavy Electricals Limited and Ampere Vehicles.
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