Upgrading Technology - the cost-effective way

INCREASING COMPETITION, need for technology upgradation and the demand for new, innovative products at affordable costs are some of the issues confronting the industries. Now a large number of them are going for tie-ups with educational institutions with a view to upgrading technology in a cost-effective manner.

Coimbatore has a unique advantage as it has a large number of educational institutions and industries, especially small-scale units. Technology upgradation is imperative, especially in these units, as they have to equip themselves to face the competition. However, the small and medium scale units need technology they can afford.

A large number of students doing technical courses need skill development and industrial training to have a better exposure to the actual industrial scenario. The needs of the institutions and the industries could be met by having tie-ups.

The Coimbatore District Small Industries Association (CODISSIA), which has a large number of small units as its members, has been signing Memorandum of Understanding (MoU) with a number of educational institutions in this regard.

An MoU was recently signed by the CODISSIA with the Sri Ramakrishna Engineering College here. The college signed another memorandum with the Suguna Group of Industries. According to the principal of the college, K. Anbumani, the MoUs pave the way for collaboration in the development of innovative products and processes and in-plant training and industrial projects for students.

Most of these MoUs are not time bound and will help the units to take up more research-based activities. These will not only benefit the industries in technology upgradation but will help them to constantly review their production and processing techniques.

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