Excelsior Correspondent
AWANTIPORA, Apr 7: Islamic University of Science and Technology (IUST) here today signed a MoU with Small Industries Development Bank of India (SIDBI) and Indian Institute of Technology, Jammu.
The MoU signing ceremony was attended by Siva Subramanian Ramann, Chairman & Managing Director SIDBI; Prof. Shakil A Romshoo, Vice Chancellor IUST; S.S Acharya, Chief General Manager, SIDBI; S.P Singh, Chief General Manager, SIDBI; Prof. Manoj Singh Gaur, Director IIP Jammu; Dean Research, Dean Academic Affairs, Director CIED, Registrar, Finance Officer, representatives of consulting agency Grant Thorton Bharat LLP besides other officers from the University, SIDBI and IIT Jammu.
Speaking on the occasion, Siva Subramanian Ramann said that the ecosystem would help transfer of practical knowledge to the budding industrialists.
He promised, help for further enriching the entrepreneurship ecosystem and recommended identification of areas for intervention to strengthen the MSME sector.
Pertinently, SIDBI is the principal financial institution for the promotion, financing and development of Micro, Small and Medium Enterprise (MSME) in India.
Prof. Shakil A Romshoo, Vice Chancellor IUST said that universities have a critical role to play for nourishing innovation and entrepreneurial spirit among the youth.
Prof. Manoj Singh Gaur hoped that IUST-IIT collaboration would promote innovation culture in the country and facilitate the exchange of ideas to find solutions to the problems of societal concern.
Dean Research IUST, Prof. Moon gave a detailed presentation highlighting the achievements of CIED and recognition of its efforts and also shared the future plan. Director CIED, Dr. Pervez coordinated the event.