The Nalco has inked an MoU with the NIT, Rourkela and the NIT Rourkela Alumni Association (NITRAA) for creation of a Centre of Excellence with the objective of collaboration to develop entrepreneurs by supporting technology-driven startup companies to improve manufacturing and service delivery competitiveness.
This partnership, supported by IIT, ICT and DST is aimed at developing an ecosystem for promoting entrepreneurship, a knowledge environment by collaborating with research institutes and universities and enabling technology areas.
This would foster creativity, innovation and improve competitiveness in specific technological needs of the host institute and other industries.
The incubation centre will be located at the Nalco’s Research and Training Centre at Gothapatna, Bhubaneswar, where the aluminium giant is developing a world-class research facility to benefit the aluminium sector.
Ministry of Mines Additional Secretary Dr K Rajeswara Rao praised the new initiative and urged the three partners to develop an ecosystem that would encourage fresh ideas and innovative practices.
On this occasion, the Nalco rewarded its 50 employees with ‘Excellence Award’ with an aim to foster a culture of high performance, professionalism and excellence at workplace.
Nalco CMD Dr Tapan Kumar Chand said, ‘The hard work and dedication of the employees are paying off in all fronts, production, productivity and profitability.