Bhubaneswar, August 22 (LocalWire): The CSIR – Institute of Minerals and Materials Technology (IMMT) Bhubaneswar has decided to set up a Rs 12.50 crore common research and technology development hub to provide technical assistance to micro, small and medium enterprises (MSMEs) of the state.
The project, which will be implemented over the next three years, is aimed at providing research and development based technological solutions for various MSMEs of the state.
It will also help the companies drive their quality assurance initiatives, conduct failure analysis, and support in trouble-shooting of productivity-related problems.
Besides introducing new technologies, certification, environmental management, incubation, mentoring, training, human resource development, and other similar services, the hub will also serve as a window to channel the knowledge and expertise of other CSIR institutes in India.
“We have taken a number of steps to promote and support the development of micro, small and medium enterprises in Odisha.
It is well known that MSMEs create more jobs and help in the development of the economy at the grass-root level.
This hub will help them in a wider manner,” IMMT director Suddhaswata Basu said.
According to sources, IMMT has chalked out plans for a phase-wise expansion of the project with financial support from various central and state agencies to cover important growth areas in the state.
The initial phase of the hub to be set up at the IMMT campus in Bhubaneswar will be funded by the Department of Scientific and Industrial Research, Government of India.
“The facility will function as a base station to reach out to rural areas of the state to provide technological help in setting up common facility centers.
These centers can be operated by local organisations like self-help groups, Mission Shakti centers, and farmer producer groups to generate employment and strengthen the rural economy,” director Basu said.