Coal India signs MoA with IIT-ISM, Dhanbad

by Psu Connect
Date: 14-07-21

The objective of this MoA is to a create a platform for promotion of entrepreneurship and innovation and support startups in the core business areas of CIL, through NITI Aayog’s flagship program - Atal Innovation Mission (AIM).

Coal India signs MoA with IIT-ISM, Dhanbad

New Delhi: Coal India Limited signed an MoA (Memorandum of Agreement) with IIT (ISM), Dhanbad to setup a CIL Innovation and Incubation Centre (CII Centre). The objective of this MoA is to a create a platform for promotion of entrepreneurship and innovation and support startups in the core business areas of CIL, through NITI Aayog’s flagship program - Atal Innovation Mission (AIM).

As a part of this initiative, CIL will provide financial support to IIT (ISM) Dhanbad to set up the CII Centre while providing them with a conducive environment, infrastructure facilities and other value-added services in an equitable fashion to accelerate the growth and spread of innovation in the country.

An MoA to this effect was signed by Shri. Binay Dayal, Director - Technical, CIL on behalf of CIL and Prof. Rajiv Shekhar, Director for IIT (ISM) Dhanbad. Shri. Pramod Agrawal, Chairman, CIL and Shri. S.N.Tiwary, Director - Marketing / MP&IR were present on the occasion.