IIT Bombay & JSW Group Inks Partnership
To develop industrial applications and solutions for Indian steel industry
IIT Bombay, India’s engineering and technology Institute and US$ 22 billion JSW Group, India’s business conglomerate with interests in Steel, Energy, Infrastructure, Cement, Paints, E-commerce, Sports and Venture Capital, have entered into an exclusive strategic agreement to establish JSW Technology Hub in India for steel manufacturing in India. JSW Steel is a flagship business of JSW Group.
IIT Bombay has created The Centre of Excellence in Steel Technology (CoEST) through support from the Ministry of Steel, Government of India and other industry partners. The JSW Technology Hub will be established within the CoEST with the key objective of achieving a rapid expansion of quality steel production while maintaining carbon emissions within the target levels. The partnership with IIT Bombay will also allow JSW Group to undertake and intensify R&D efforts in the Steel sector to develop competent capabilities in the area of steel technology for the Indian conglomerate. The JSW Technology Hub will also be the nodal point for JSW Group’s research activities beyond the steel domain.
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